Empire of debt
07.20.2021 - By Machine learning
Many people believe a house is an investment and safer and more profitable than stocks. A house is not a profit center, but a cost center. Each month money must be spent on a house. A house produces nothing; it has no revenues; and no profits are earned. You never hear of a factory being built with increases in house prices. Nor can housing be exported reducing the trade deficit. However, much of the meager savings and massive borrowing is going into housing.
Send in a voice message: https://anchor.fm/david-nishimoto/message