timelets: (Default)
[personal profile] timelets
A couple of learning points from the NYT article about Covfefe's taxes.

1. The real estate industry is massively subsidized by the government, both on the producer and the consumer sides.
2. Real estate assets perform quite well over the long run. You probably don't have enough of them in your investment portfolio.
https://marginalrevolution.com/marginalrevolution/2019/03/the-case-for-real-estate-as-investment.html

upd: the discussion that Trump is either a real estate genius or a looser doesn't make sense because he is both. The industry is inherently cyclical, highly leveraged and liquidity-sensitive. On average, the market rewards long-term investment in real estate.

Profile

timelets: (Default)
timelets

June 2025

S M T W T F S
123456 7
8 91011121314
15161718192021
22232425262728
2930     

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jun. 10th, 2025 01:59 am
Powered by Dreamwidth Studios