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A comment on Supply Constraints Do Not Explain House Price, Quantity Growth Across US Cities. Parent comment
you can't "consume" the wealth. But you can use it by leverage into loans, which can be invested elsewhere to make more money.
And if you owned more than 1 property, rental income is an additional vector.
The wealth isn't imaginary. It's just illiquid.
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you can't "consume" the wealth. But you can use it by leverage into loans, which can be invested elsewhere to make more money.
And if you owned more than 1 property, rental income is an additional vector.
The wealth isn't imaginary. It's just illiquid.