Interesting Real Estate Increases

thinkxingu · 01-02-2021, 11:14 AM

Quote:

Originally Posted by Biggd

All the wealthy people I know have become enormously more wealthy over the past 4 years, this past year esp.

Obviously the 70% or so of Americans who have less than $1k are all making bad decisions. It's your complete and utter lack of intelligence that prevents you from seeing it.

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Biggd · 01-02-2021, 11:43 AM

Quote:

Originally Posted by thinkxingu

Obviously the 70% or so of Americans who have less than $1k are all making bad decisions. It's your complete and utter lack of intelligence that prevents you from seeing it.

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Well with that statement I guess we could say that everyone that lost money this year has made bad decisions.
It just goes to show that not all decisions are under your control.

TheTimeTraveler · 01-02-2021, 11:54 AM

Investments in the stock market can equal returns and rewards. It can also lead to losses. The same argument can be said for real estate.

I think the obvious difference is that people have to live in Real Estate, but they don't have to invest in the stock market.

Are folks at fault for not investing in real estate or the stock market? No, but they also don't get to enjoy the potential upside returns, or suffer the downside losses.

Is there a right or wrong answer here? Not really, but planning for the future is likely a better route to take than living from pay check to pay check. Some people can afford to do so, others can not.

Let's hope that everyone has a crystal ball and makes decisions which work for them.

thinkxingu · 01-02-2021, 01:04 PM

Quote:

Originally Posted by thinkxingu

Obviously the 70% or so of Americans who have less than $1k are all making bad decisions. It's your complete and utter lack of intelligence that prevents you from seeing it.

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I'm not sure if my point was visible through the dripping sarcasm, but to be clear: simplifying poverty to bad decision making is absurd.

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01-02-2021, 11:54 AM	#3
TheTimeTraveler Senior Member Join Date: Aug 2015 Posts: 931 Thanks: 299 Thanked 299 Times in 185 Posts	Investments in the stock market can equal returns and rewards. It can also lead to losses. The same argument can be said for real estate. I think the obvious difference is that people have to live in Real Estate, but they don't have to invest in the stock market. Are folks at fault for not investing in real estate or the stock market? No, but they also don't get to enjoy the potential upside returns, or suffer the downside losses. Is there a right or wrong answer here? Not really, but planning for the future is likely a better route to take than living from pay check to pay check. Some people can afford to do so, others can not. Let's hope that everyone has a crystal ball and makes decisions which work for them.

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