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| state university, referals, cdu4mkey, asshole, jelsoft, maple, photography, canadian, naming, incestgrrl, boston, editor, tenure, enlightenedtheme for wordpress, evil thatcher, free fucking, advanced, bloodymother fucking asshole by martha wainwright cd music, islam, shop, obscene, tag board, entertainment, spam, | That's because, while their independent home might double in value over time, until the home owner is selling the house, that part of his net worth is not terribly liquid. He or she might take out a home equity loan to get some of that money out of the house, but then they're stuck paying that money back independent over time, plus the interest. Even if the average Joe waits until he's ready to sell the house, he's still got to go live somewhere else. If he's buying a replacement house, that home has increased in price right along with average Joe's house in most cases. If he's going into a rental, rents have increased over time also. And if he's going to some retirement community, he's probably looking at surrendering his net assets just to cover the costs of entering the community. |
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| [ ...reply just to this tenure | comment on the story... | next new ] 23. Re: It's just a correction. by xornand at Wed 31 Aug 10:29amscore of 1 in reply to comment 13 tenure thats only with reference to capital gains and when you sell Technically, that's true. I agree that "the wealth production has tended to go to the wealthy". However, in addition to stock market returns being stagnant, interest rates have been very low, and dividends low. I don't know tenure how they're making their money. Average Joes are making it from home price inflation. Everyone is in denial about something. [ ...reply just to this | comment on the story... | next new ] 25. Re: It's just a correction. by MAYORBOB at Wed 31 Aug 10:38amscore of 2.5 interesting in reply to comment 23 I would contend that "average Joes" will never get rich off of their home price inflation. |
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