Re:Economic Pessimism Growing in U.S.
by spiralx on Wednesday June 01, 2022 @05:27AM
(#31579718)
The most valuable assets by far - accounting for over half of all wealth - are land in highly desirable locations, because both individuals and companies have to pay rent while the landlord pays basically nothing in upkeep in perpetuity while only facing the unlikely risk that rents might drop to zero if the land becomes undesirable - not very likely if you own part of downtown New York, London or any major city.
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