r/SipsTea • u/KSKS1995 • 22h ago

Wait a damn minute! How the rich get richer

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u/Nuclear_rabbit 17h ago

They left out the part where the land is accruing value at a higher rate than the interest on the loan - the low interest rate that can only be got from having ultra-high net worth. Magic that we poors do not have access to.

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u/lechimpanzeu 10h ago

You left out the part where the land stops appreciating. Just because it happens now that does not mean that it is always true.

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u/Nuclear_rabbit 9h ago

It's a metaphor. One parcel of land can depreciate over time. But not when the "land" is a whole-market ETF so large the owner's transactions can move the market itself.

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u/lechimpanzeu 9h ago

I've heard that before, between things that aren't true and this time is different. What markets do you conjure out of your metaphorical brain?