Economics

I think there’s a basic narrative missed by folks discussing this 60% of net worth is a “bad investment”.

Personally think the reality is that you can live in this asset, it’s appreciated so much that it’s overweight in the investment basket, and if you want to avoid cap gains, it’s best to roll them into the next house.

We started paying a mortgage in 2014.  There is zero chance we could afford a rental home in our community today that would fit our family, the 30 year fixed mortgage is what allowed us to settle in one place as we raise our kids (and farm).

Not saying we should have promulgated real estate as an overvalued investment class.

🚨FRIEDBERG: "60% of middle class household's net worth is in their home. Only 10% is in owning the S&amp;P 500, index funds, whatever in their retirement accounts.

By creating this American dream around housing and allowing the Federal government to provide loans on housing, we've… https://t.co/SuCvCdiCsB

Autism Capital 🧩

I think there’s a basic narrative missed by folks discussing this 60% of net worth is a “bad investment”.

Personally think the reality is that you can live in this asset, it’s appreciated so much that it’s overweight in the investment basket, and if you want to avoid cap gains, it’s best to roll them into the next house.

We started paying a mortgage in 2014.  There is zero chance we could afford a rental home in our community today that would fit our family, the 30 year fixed mortgage is what allowed us to settle in one place as we raise our kids (and farm).

Not saying we should have promulgated real estate as an overvalued investment class.



https://x.com/autismcapital/status/1900770128041832800?s=46&t=TVy9rDl3UkuxmVj4e18bOA

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

Yeah I’ve always found that arguement a bit strange too. It doesn’t take into account the cost of shelter each month. And it wouldn’t be pragmatic for many to re-mortgage down the road to invest elsewhere and rebalance your asset allocation.