alt Hacker NewsOne thing that is critical is that the country hasn't turned home ownership into an ever growing financial asset that is meant to carry the majority of one's wealth into perpetuity
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kulahan • today at 12:49 AM
What major investments do they make instead? Or do they just not have much of a financial ladder?
Well, it did at one point, it’s just that the crash that resulted was so nasty it disabused anybody of that notion.
At the peak of the bubble era, just the land underneath the Imperial Palace had an estimated real estate value larger than the entire state of California.