« prev   random   next »

1
0

Billionaires avoid real estate

By Patrick following x   2018 May 20, 5:32pm 408 views   3 comments   watch   sfw   quote     share    


https://therealdeal.com/2018/05/20/heres-how-much-the-worlds-billionaires-park-in-real-estate/

Of the world’s 7.6 billion people, 2,754 of them are billionaires who have cumulatively amassed $9.2 trillion worth of assets, according to Wealth-X’s annual census, and about 3 percent of that wealth is parked in real estate and other luxury goods. Last year, billionaires’ average wealth in real estate and other luxury assets only valued a total of 2.3 percent.


So 97% of billionaires' wealth is not in real estate.

It's almost all stock instead.

BTW, being a billionaire puts you in the top 0.00004% globally.
1   bob2356   ignore (1)   2018 May 20, 6:20pm   ↑ like (2)   ↓ dislike (0)   quote        

Patrick says
It's almost all stock instead.


You should read the report instead of the summary Public holdings 42%, private holdings 32%, cash 22%. RE is third largest business but only 3% of wealth. Sounds just a little off some how. How much RE is held through corperations/llc's instead of directly? Almost anyone with any net worth holds their RE though a corporation of some kind. How much RE do you think trump owns in his own name? I sure use a corporate structure and I'm not anywhere close to billionaire. Sounds like the 3% is their homes and vacation homes to me.
2   everything   ignore (1)   2018 May 21, 8:43am   ↑ like (0)   ↓ dislike (0)   quote        

Warren Buffet is American's no. 2 real estate broker, he knows a good racket.
3   Strategist   ignore (1)   2018 May 21, 9:00am   ↑ like (0)   ↓ dislike (0)   quote        

bob2356 says
Patrick says
It's almost all stock instead.


You should read the report instead of the summary Public holdings 42%, private holdings 32%, cash 22%. RE is third largest business but only 3% of wealth. Sounds just a little off some how. How much RE is held through corperations/llc's instead of directly? Almost anyone with any net worth holds their RE though a corporation of some kind. How much RE do you think trump owns in his own name? I sure use a corporate structure and I'm not anywhere close to billionaire. Sounds like the 3% is their homes and vacation homes to me.


Wow, I actually agree with Bob.
Billionaire owns company stock.
Company owns real estate.
Therefore Billionaire owns real estate.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


about   best comments   contact   one year ago   suggestions