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People don't just get to decide something is an investment. It depends entirely on the behavior of the rest of society.
by jlmorton 3y ago
People don't just get to decide something is an investment. It depends entirely on the behavior of the rest of society.
- logicchains 3y ago>People don't just get to decide something is an investment They absolutely do in a democracy in which they (home-owning baby boomers) represent the biggest demographic voting block.
- jlmorton 3y agoWell, I meant individuals don't just get to decide something is an investment. Certainly society as a whole, or even a large bloc of voters can decide something is an investment.
- paddez 3y agoBehaviour by the rest of society is influenced largely by public policy. In Ireland, investing in Housing/Land is largely one of the best investment assets you can own due to the lack of Capital Gains or Deemed Disposal rules.