Robert Shiller says buying a big house is a big waste of money
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2019 Sep 6, 5:36pm 324 views 1 comment
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https://www.businessinsider.com/yale-economist-big-houses-are-waste-of-money-2019-6
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clambo
2019 Sep 7, 9:25am
The wealthiest have the largest % of their net worth in financial assets, not real estate.
From Wall St. Journal article: "More than 85% of the assets of the wealthiest 1% are in financial assets...."
"By contrast, slightly more than half of all assets owned by the bottom 50% of households comes from real estate...."
From Wall St. Journal article: "More than 85% of the assets of the wealthiest 1% are in financial assets...."
"By contrast, slightly more than half of all assets owned by the bottom 50% of households comes from real estate...."
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