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Where else would they park their wealth? Stock market is all imaginary money. Maybe gold/silver. But housing works as an easy way to park wealth in a tangible w
by krackers 7mo ago
Where else would they park their wealth? Stock market is all imaginary money. Maybe gold/silver. But housing works as an easy way to park wealth in a tangible way that's guarded against inflation. This fact is probably also why housing prices keep going up.
- 1970-01-01 7mo agoFunny how it's never crypto. They always choose non-technical investments for their own wealth.
- compiler-guy 7mo agoThese ultra wealthy folks don’t need highly volatile investments like crypto. They are mostly seeking to reduce volatility rather than hit home runs.