> American assets are exceptionally cheap for what they are. It's very easy to purchase asset producing goods, whether that be businesses or real estate.
replyI agree with a lot of your post, but I don't think this is true anymore. Real-estate is pretty much at the maximum price the population can pay for it. We'll never see a rise like we did from the boomer generation until now in real-estate again. I also think most businesses don't make much money, at least small businesses.
Not really. Real estate is exceptionally easy because of how ridiculous mortgage terms are. I'm a bit of a heterodox in my thinking. If people want to do it then it is definitely made easy. I mean a 600-800k duplex can be had for 19k - 25k if you'll live in it and rent the rest out.
replyIt is extraordinarily easy to enter the ownership class in America which is why Marxism rarely takes root here.
Okay :)
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