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Appreciate the grey matter behind this response. I'll write more later. But the Adams and Washington example... possibly your point speaks to their frame of min
by encoderer 13y ago
Appreciate the grey matter behind this response. I'll write more later. But the Adams and Washington example... possibly your point speaks to their frame of mind, but both these guys were land speculators who bought land which in some cases was remote and in a wilderness. They bought the land because they believed that property, unlike a business, is not subject to fraud or bankruptcy, it's durable, and with a growing population it's likely to continue appreciating. That's just as true today.