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jay_kyburz
on April 9, 2025
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The Decline of the U.S. Machine-Tool Industry and ...
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.
mmooss
on April 9, 2025
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You should look into real estate investment performance.
jay_kyburz
on April 9, 2025
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Houses depreciate. It's the land that makes you rich. :)
DeathArrow
on April 9, 2025
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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.
lotsofpulp
on April 9, 2025
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Assuming price of materials and labor remain constant or decreasing.
DeathArrow
on April 9, 2025
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Donald Trump is a prime example.
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