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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (62617)4/23/2005 11:05:40 PM
From: Moominoid  Read Replies (1) of 74559
 
"One is still wealthier, even if the price increase is just because of popularity of the area"

Again as I said, if you are overweight in that asset relative to the rest of the population your real wealth in terms of buying power increases. I was trying to think about when would real wealth at the national level increase - i.e. when something real is created rather than just price changes.
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