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What other countries do it on the scale of the United States with its 330+ million people? The US is the total package — the forefront of American civilization/power.
America is a country where people can live kings on a $15 minimum wage.
Explanation for stock and housing values that continue soaring?
Just checked Zillow — my home has already increased in value by 400% since 2010 and Zillow says another 11% increase expected next year. I don’t live anywhere special as far as home values.
Supply and demand right?
I already know where this is going though....whining about “America bad small parts Europe good”
What we found out right after the recession, is that US real estate is a hot commodity world wide. The first real estate areas that rebounded after the recession were South Florida, New York, and Southern California.
Our dollar is so stable. People from all around the world had confidence that our real estate market would rebound and invested in it.
Cold in London? Buy a condo in San Francisco or Miami.
Wealthy South Americans knowing their economies would collapse moved their money to real estate in the US.
The whole premise of this thread is SO off base: housing values and the stock market assumes that all "citizens of the Realm" are on those two gravy trains. One can just as easily be a trap (house values and mortgages) which drains medical insurance and other life values, and people "into" the stock market are a very small number of "citizens". All others are OUT.
There really is no reason for most working Americans not to be invested in real estate and/or the stock market. Even McDonalds has a 401k plan, for chrissakes.
That is where you have a high likelihood of making significant money over time.
The whole premise of this thread is SO off base: housing values and the stock market assumes that all "citizens of the Realm" are on those two gravy trains. One can just as easily be a trap (house values and mortgages) which drains medical insurance and other life values, and people "into" the stock market are a very small number of "citizens". All others are OUT. And those two items are not the most valuable for personal life. Such as the odds of NOT getting shot in a road rage.
If one can’t navigate the housing and stock market with sensible choices — than that’s more of a priorities thing. Those that DO in America are often rewarded for “buying in”.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Many of us have been around the block a few times.
When you think you have it figured out, you are ripe for a 'wake-up-call'. They can be painfully blunt.
we are 12 yrs into a housing cycle that typically lasts 7-10 yrs. It may last 5 more, or it may not.
Equities are artifically valued for the near term (think STIMULUS = artifical manipulation for which there will be a cost)
Come back in 50 yrs and hopefully you will still be flying sky high. Most or us will be gone in 20- 30 yrs.
Lessons~44 different properties for me (some commercial, some land, some personal residences (the poor performers, even my current one that is worth 10x what it cost me to build)), some income properties, some 1031's, a few businesses, long and varied careers and investments. (currently managing several investment accounts, and farms...). I am miles / decades from having it all figured out. Been blessed, been burnt. But... It all burns in the end. (And you won't care at that moment.)
Many of us have been around the block a few times.
When you think you have it figured out, you are ripe for a 'wake-up-call'. They can be painfully blunt.
we are 12 yrs into a housing cycle that typically lasts 7-10 yrs. It may last 5 more, or it may not.
Equities are artifically valued for the near term (think STIMULUS = artifical manipulation for which there will be a cost)
Come back in 50 yrs and hopefully you will still be flying sky high. Most or us will be gone in 20- 30 yrs.
Lessons~44 different properties for me (some commercial, some land, some personal residences (the poor performers, even my current one that is worth 10x what it cost me to build)), some income properties, some 1031's, a few businesses, long and varied careers and investments. (currently managing several investment accounts, and farms...). I am miles / decades from having it all figured out. Been blessed, been burnt. But... It all burns in the end. (And you won't care at that moment.)
Our property is a hot commodity. Our stock market won’t slow for any force of nature.
My conclusion:
There is simply no better place on earth to live than the United States of America in 2020. There has never been anywhere better to live as far as having access to so much with such a high degree of upward mobility for even people with no skill following simple practical financial advice.
The US empire is just getting started.
bubble.
go look up what it means, in a financial context.
I'm talking about your persistent call for proper interest rates. That's just silly.
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