Thanks, Pete! As for RE, yes, its value is much bigger than gold—I think it’s in the hundreds of trillions globally. But RE is quite different from the assets on this list. It’s not a financial asset since it’s not liquid or easily traded like stocks or gold. Plus, there’s no single global price for it. Real estate values vary a lot depe…
Thanks, Pete! As for RE, yes, its value is much bigger than gold—I think it’s in the hundreds of trillions globally. But RE is quite different from the assets on this list. It’s not a financial asset since it’s not liquid or easily traded like stocks or gold. Plus, there’s no single global price for it. Real estate values vary a lot depending on location—a property in the U.S. isn’t the same as one in Latin America, for example. In other words, one piece of real estate isn’t equal to another, and that makes it a very different story from the assets above.
Just saw your reply. Thank you! If real estate is much bigger and your post is about “fascinating snapshot of global wealth and priorities” it seems the liquidity is irrelevant. Especially when noting income real estate. Commercial buildings, Multifamily, NNN and single family rentals all contribute to global wealth and by your own admission I think represents the lions share.
Thanks, Pete! As for RE, yes, its value is much bigger than gold—I think it’s in the hundreds of trillions globally. But RE is quite different from the assets on this list. It’s not a financial asset since it’s not liquid or easily traded like stocks or gold. Plus, there’s no single global price for it. Real estate values vary a lot depending on location—a property in the U.S. isn’t the same as one in Latin America, for example. In other words, one piece of real estate isn’t equal to another, and that makes it a very different story from the assets above.
Just saw your reply. Thank you! If real estate is much bigger and your post is about “fascinating snapshot of global wealth and priorities” it seems the liquidity is irrelevant. Especially when noting income real estate. Commercial buildings, Multifamily, NNN and single family rentals all contribute to global wealth and by your own admission I think represents the lions share.