Kansas City is first major city in U.S. to offer no-cost public transportation

Re:Kansas City is first major city in U.S. to offer no-cost ... by weberc2 on Monday December 16, 2019 @09:18PM (#21809860)

I thought postwar America was known for investing in real estate to great wealth-building effect? I’m not sure how worthwhile other time periods are for comparison as our economy is so much different.

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Re:Kansas City is first major city in U.S. to offer no-cost ... by stretchwithme on Sunday December 22, 2019 @10:43PM (#21861351)

Singapore has a better system. They force you to save, but it's your money. You can use it to buy a home.

So you don't start getting it back when you're old. It can serve you much earlier.

I think the rate of home ownership there is over 90%.

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Re:Kansas City is first major city in U.S. to offer no-cost ... by shadowgovt on Monday December 16, 2019 @10:23PM (#21810225)

Approximately 65% of Americans own their home.

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Re:Kansas City is first major city in U.S. to offer no-cost ... by weberc2 on Tuesday December 17, 2019 @08:37AM (#21813273)

I’m not sure what point you’re making, if any. Care to elaborate?

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Re:Kansas City is first major city in U.S. to offer no-cost ... by shadowgovt on Tuesday December 17, 2019 @11:58AM (#21815549)

If the up-thread reference to American real-estate investment implied Americans use real-estate ownership as a retirement nest-egg, the numbers do not bear out that hypothesis---or at least, do not show it's a solution much of America avails itself of.

... and that's ignoring that shocks like the mortgage crisis can happen, which indicates that home ownership isn't as stable a store of value as, say, the US dollar.

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