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A comment on The death of the ‘Millionaire Next Door’ dream. Parent comment

Re:The death of the ‘Millionaire Next Door’ dream by gruez on Wednesday August 11, 2021 @05:03PM (#28147693)
You can just generalize it to:

1. buy [asset] they're plentiful.

2. don't go broke and keep a job if needed.

3. wait for [asset] to appreciate

4. profit!

[ Parent | on HN ]
Re:The death of the ‘Millionaire Next Door’ dream by lotsofpulp on Wednesday August 11, 2021 @06:50PM (#28148953)
It is the “buy asset on margin without having to worry about margin calls” with special incentives and protections from government that makes housing special.
[ Parent | on HN ]
Re:The death of the ‘Millionaire Next Door’ dream by vineyardmike on Wednesday August 11, 2021 @07:23PM (#28149416)
also the fact you can legislate away (via zoning) access to more housing in a way that is hard for the market to correct compared to exchange traded assets
[ Parent | on HN ]