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A comment on The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994). Parent comment

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by jay_kyburz on Wednesday April 09, 2025 @01:49AM (#43629252)
If you build a house from scratch, you created 100K of stuff. If you buy a house for 100K then sit on your ass for a year, you are no richer than before.
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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by mmooss on Wednesday April 09, 2025 @02:02AM (#43629310)
You should look into real estate investment performance.
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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by jay_kyburz on Wednesday April 09, 2025 @03:34AM (#43629735)
Houses depreciate. It's the land that makes you rich. :)
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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by lotsofpulp on Wednesday April 09, 2025 @06:17AM (#43630582)
Assuming price of materials and labor remain constant or decreasing.
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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by DeathArrow on Wednesday April 09, 2025 @08:18AM (#43631242)
It's the developed land. A house built on the land you own in a city that people would kill to buy/rent there.

A house in the middle of Sahara desert is worth a negative amount.

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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by DeathArrow on Wednesday April 09, 2025 @08:17AM (#43631231)
Donald Trump is a prime example.
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