1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Does owning a house make you wealth quickly?

Discussion in 'BBS Hangout' started by houston#1, Feb 18, 2024.

Page 5 of 5
  1. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

    Joined:
    Jun 3, 2002
    Messages:
    59,079
    Likes Received:
    52,746
    This is a bot post.
     
    #81 KingCheetah, Sep 20, 2024
  2. E-Man

    E-Man Member

    Joined:
    Feb 19, 2009
    Messages:
    1,402
    Likes Received:
    537
    You're right WTF?
     
    #82 E-Man, Sep 20, 2024
  3. Surfguy

    Surfguy Member

    Joined:
    Sep 23, 1999
    Messages:
    24,455
    Likes Received:
    12,701
    No
     
    #83 Surfguy, Sep 21, 2024
  4. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

    Joined:
    Jun 3, 2002
    Messages:
    59,079
    Likes Received:
    52,746
    #84 KingCheetah, Sep 21, 2024
  5. Bobbythegreat

    Bobbythegreat Member
    Supporting Member

    Joined:
    Jan 23, 2013
    Messages:
    68,474
    Likes Received:
    31,939
    [​IMG]

    I initially thought this was BS, but when I looked it up, the average new house in 1920 was about $6200 10 KG of gold would get you about $6600.....and in 2023 the average new home was about 500K and 10KG of gold was about 655K....and it's worth about 850K today.

    So yeah, homes will increase in value, which is a way to generate wealth....but it won't increase in value quicker than just owning gold.
     
    #85 Bobbythegreat, Sep 21, 2024
(You must log in or sign up to post here.)
Page 5 of 5

Share This Page