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An Antidote to Corporate Media
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1
bob2356
2018 May 20, 6:20pm
Patrick says
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.
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
2018 May 21, 8:43am
everything
2018 May 21, 8:43am
Warren Buffet is American's no. 2 real estate broker, he knows a good racket.
3
Strategist
2018 May 21, 9:00am
Strategist
2018 May 21, 9:00am
bob2356 says
Wow, I actually agree with Bob.
Billionaire owns company stock.
Company owns real estate.
Therefore Billionaire owns real estate.
Patrick saysIt'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.
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.