How the wealthy allocate investment
- Thread starter The Dude
- Start date
Legion Troll
A fine upstanding poster
Legion Troll
A fine upstanding poster
You deny saying this?
"Why would Jeb be flying the flag of Southern Democrats? Hillary had one in her office, back when it was fashionable."
How's that PE?
"Why would Jeb be flying the flag of Southern Democrats? Hillary had one in her office, back when it was fashionable."
How's that PE?
My dividends are way more nut job
Legion Troll
A fine upstanding poster
You'd think a successful PE would know that, wouldn't you?
Frank Booth
New member
I don't know anyone making more than $300,000 a year who "made their wealth" from real estate, except for a few professional real estate developers - and remember, that is from managing the business end of another person's investment, not from leveraging an AV/ARM mortgage on a few shitty houses in the Southeast.
"Hitting in big" on real-estate is a windfall for people who aren't wealthy to begin with. For everyone else, Real Estate is a sideshow and a small investment class with a few favorable tax features. If you house (or houses) are worth more than 50% of you net worth, you are not really wealthy - just another over-leveraged person my tax dollars will have to bail out eventually.
Leonthecat
Racism Watchdog
All of Rights claims about his personal life are lies. When caught lying he runs away. It's what he does.
MAGA MAN
Let's go Brandon!
Looks like your argument pertains to those you know only.
Since I bought my homes prior to the boom, which was prior to the bust, you and your fellow moguls won't be bailing me out any time soon.
MAGA MAN
Let's go Brandon!
this from a guy forced to resign because he smokes dope. lol
From a working stiff not able to retire due to dogs hit real estate markets
Are you 70 yet gramps
Leonthecat
Racism Watchdog
Will you post proof of your PE status if I post proof of the claim you made about Clinton's office and her confederate flag?
Frank Booth
New member
Perhaps you are right. I have an odd feeling, though, that my personal sample size of millionaires I know might be a bit larger than yours, and therefore very pertinent to this thread.
None the less, I applaud the fact that you have held on to your suburban empire. Extrapolating that collection of mansions into a greater insight about American wealth, however, would be poor reasoning. Among the $14 Trillion held by American High Net Worth Individuals (people with $30M+ in investable assets outside of their primary residence), only 13% of that wealth is tied into Real Estate of any sort. You can Google it from any number of sources. At some point, your house is just that, a house. Several houses is an inefficient investment, unless you are not privy to other sources of investment income.
Look, sometimes the stupid become the lucky, and people in Phoenix or Oklahoma or North Carolina string together a few subprime houses into something that generates enough income to buy a Kia now and then. That's not really wealth, that is just a super-big scratch-off lottery ticket. Income and wealth inequality in America is growing, and is problematic, but let us all remember what the sides of that inequality actually look like, lest we start falsely fearing that the government is going to start seizing wealth in measures of guns and Dodge Hemi Trucks
Legion Troll
A fine upstanding poster
The famous ski-suit shot? Remember when FRight used to boast-post pics of houses, cars etc, and claim they were his?
