That hard asset will be around for decades and provides a roof over your head. May decline a bit over the short term but over the long term it will be a winner in the majority of cases. Lots of that discretionary spending you talk about is the real ponzi - as so much of it is unsustaninable and for crap that is just thrown away.
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- We are on the cusp of a full property melt down.
We are on the cusp of a full property melt down., page-79
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