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You know someone owns the property, right? Someone like you and me. It’s in your S&P index, in your retirement fund, and in your corporate pension. The value yo
by the_optimist 3y ago
You know someone owns the property, right? Someone like you and me. It’s in your S&P index, in your retirement fund, and in your corporate pension. The value you bring is maintaining the value for yourself.
- rwmj 3y agoI'm certainly not arguing that it's a way to make money. If I put a fence across a river I can make money from that too.
- the_optimist 3y agoYour interpretation is off. Any “asset” is valuable to own because what the owner chosen to do with it that creates value for others. In order to be valuable, you have to create value. You don’t get to trap people in your commercial real estate as prisoners and force them to pay you rent, as your net analogy implies.