Quote:
Originally Posted by punkwax
lol... actually, most of the world's elite and powerful invest in real estate  |
that's not really fair to say, world's elite own everything, businesses (whole/partial/common stock), bonds, commerical, and residential real estate.
they also buy vintage cars, ridiculously expensive wine (as an investment or for their own shits and giggles), art - no world elite has an investment plan of "all my worth in 1 asset in 1 city" which is what ppl in vancouver think will make them rich.
also, the uber wealthy either pay with cash, or use leverage because they can, not because they have to - the wealthy own debt, the poor take on debt - this is what you should take home from the wealthy vs. the rest.