(no subject)
May. 9th, 2019 04:04 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsA 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.
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.
