Re:Rich people do have trouble understanding what it's like ...
by globular-toast on Saturday May 22, 2021 @11:48AM
(#27247626)
To put it another way: low-end goods are consumables, high-end goods are assets.
Houses and land have, traditionally, been great equalisers because even the lowest-end house/land is still an asset. Now the poor are unable to buy houses/land again they are forced to be pretty much 100% consumers. That's how you stay poor.
Houses and land have, traditionally, been great equalisers because even the lowest-end house/land is still an asset. Now the poor are unable to buy houses/land again they are forced to be pretty much 100% consumers. That's how you stay poor.