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My gut says that this is related to real estate, where most Americans have much of their wealth, which has seen price increases, and whose value the government
by philip1209 3y ago
My gut says that this is related to real estate, where most Americans have much of their wealth, which has seen price increases, and whose value the government props up with socialist policies. [1]
Is there any data exploring the relationship between real estate and median family net worth? I would be curious to see a model correlating property values to median household wealth - because I'd imagine there's a strong correlation.
[1] note: socialism strictly means "centralized planning", which these government programs are. So, I use the term in an academic sense, not a derogatory one.
- mym1990 3y agoNo data to back it up at the moment but I am pretty sure that home ownership has historically been a big wealth builder for the middle class. It historically has allowed people to use leverage on a fairly stable asset, while doubling as a hedge against rent. Now this is of course excluding 2008 and whatever has happened in the last 3 years(more institutional investment in residential real estate).