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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (92952)	7/27/2012 2:04:16 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217551

I still like house as insurance and lifestyle choice .. but agree NOT included in net worth..

To: TobagoJack who wrote (92952)	7/27/2012 2:04:18 AM
From: Cogito Ergo Sum	Respond to of 217551

dupe

To: TobagoJack who wrote (92952)	7/27/2012 7:53:59 AM
From: KyrosL	Read Replies (1) \| Respond to of 217551

I agree with you about home being consumption. But unfortunately, it is included in measures of net worth. In this respect the fact that home prices in the US have crashed much more compared to other countries make the US net worth numbers more conservative, since they no longer include much home equity. I am astounded that the US GDP and wealth is still near the top of the country list with only a few small countries with special characteristics and/or enormous physical resource wealth being ahead of it, and all the large countries still being way below the US. If the US ever rationalizes its defense and entitlement spending, and imposes desperately needed consumption taxes, watch out.

To: TobagoJack who wrote (92952)	7/27/2012 8:02:13 AM
From: Amelia Carhartt	Respond to of 217551

For me, my house/ranch is my home nothing more. I don't even include it in my mental net worth.

To: TobagoJack who wrote (92952)	7/28/2012 9:53:24 PM
From: Maurice Winn	1 Recommendation Read Replies (3) \| Respond to of 217551

Indeed: < Most of Europe is not splashed w/ housing bubble, and homes are inexpensive except for where 'foreigners' aggregate (London, Paris, coast of Spain, etc, but certainly not Berlin) > There are some English still on the street where I live [temporarily] in London. But one million pounds is real money for a pile of bricks, which I watched with grandson, being laid to make a new wall yesterday. Many voices are unintelligible and on inquiry they are from everywhere. A million pounds during the British Raj would have got a railway a good distance. At that time the unit of economic activity was the brick. Millions and billions of bricks were made and laid. Maybe trillions I guess world wide since a million people need a lot more than 1000 bricks to make a house. The unit of economic activity now is the pixel. Quadrillions of them are cerfing through Cyberspace as we speak. Where foreigners are not, stacks of bricks are passably priced. In Spain, I dare say property prices are more reasonable now that the speculative mania has ended and collapsed. Unemployed people can no doubt be employed there to build houses at far more moderate prices. Greece could enjoy a huge building boom and booming economy in short order by sensible reintroduction of and leading the world in democracy of the new age. Lacking imagination, they won't do it. It being you know what. Mqurice