Empire of debt

07.20.2021 - By Machine learning

Download our free app to listen on your phone

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

More episodes from Machine learning