David Friedberg explains that owning a home is worse than investing in stocks
Calls it the "Great lie"
FRIEDBERG: "This is one of the great lies. Convincing everyone that the great American dream is to own a house. When owning a house for a lot of Americans ends up putting all your capital in one asset, and you've got to basically get the price of housing to go up every year to keep everyone moving up the ladder."
"So now, fast forward 30, 40, 50 years, young people can't afford to buy a house anymore because we've pushed the asset value up so much to try and make sure that everyone's got good household wealth."
BARTLETT: "We are told. I mean, that's the sort of central idea once you leave university—is to figure out how quickly you can get a mortgage or buy a house."
FRIEDBERG: "Great lie. It's one of the great lies. And there's a lot of countries where people have been able to accumulate capital and jump that ravine from labor to capital much more quickly when they don't buy a house because they can invest in stuff. They can buy, you know, the S&P 500, which you can just buy on an E-Trade or Robinhood account, and you can just own it; on average, it will make you 10-11% a year. You just put your money in that, you're making 10-11% a year, and it can go up every year, and you don't have to pay taxes. You don't have to pay property tax. You don't have to pay insurance. You don't have to deal with repairs and maintenance. All that sort of stuff. So, a lot of people would have been better off, depending on the markets that they're in. There's some markets that ballooned, but a lot of people would have been better off over the last 30 years actually owning the S&P 500 than owning their home and paying for the rent on a home."
UPDATE: Kailly Stanich appears to have REMOVED Liberty Mutual from her LinkedIn account after we exposed her for BRAGGING about attacking minors over their political beliefs.
Is she still one of your employees @LibertyMutual?
Longtime Seattle Times sports columnist Matt Calkins is walking away after 11 years, saying the paper refused to publish his column giving a voice to female athletes who oppose transgender athletes competing in women’s sports.
“I couldn’t do my job as a columnist because I feel like they were stifling my voice.”
Calkins says editors held the piece for six days before rejecting it, telling him he hadn’t given enough advance notice. He says he didn’t buy that explanation.
The column focused on two Washington student-athletes, including a 16-year-old runner who says she competed against a transgender athlete. The Seattle Times has not responded to Fox News Digital’s request for comment.
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BREAKING: A local Georgia mom & daughter were discriminated against at Sunday’s Fever vs Dream game for wearing @xx_xyathletics shirts
During OT, a security guard told them
they had to put provided Atlanta Dream shirts over their shirts or they would be escorted out…
This is unacceptable @AtlantaDream
She’s off balance after being contacted by opponent, barely makes contact with official and that somehow results in a technical foul and automatic suspension. This league isn’t capable of being serious.
To all the bigoted people who are attacking Enes Kanter for pursuing her dream of playing in the WNBA,
Please listen to these enlightened words from Gavin Newsom's wife. She speaks such truth to power.
Gender is not real. It's a social construct.
End hate. Support Enes.
Steven A. Smith: “This is not about being anti-anything. This is about being pro-girls, pro-females, pro-women, pro-ladies. That’s what this is about.
You can’t be a male born a male transitioning to female and think that you should have the right to compete with women. Not in basketball, not in football, not in boxing, not in the UFC. Hell, not even in tennis.
If you’re a male and transitioning to female, you should be playing against the women. Nobody said you can’t transition. The issue is competing against women. That’s what Sophie Cunningham and Riley Gaines are talking about.”
A grown man berating teenage girls at a sporting event is bad. A grown man berating teenage girls at a sporting event for opposing men in women’s sports is indefensible. He thinks he’s the good guy here. Shameful.
BREAKING: The identity of the man that berated the two teenage female Sophie Cunningham supporters at the Seattle Storm vs Indiana Fever game is Marco Esquivel.
Esquivel is a Nordstrom corporate employee in Seattle.
His LinkedIn is no longer active.
@Nordstrom, will you publicly condemn his actions?