Comments by "LancesArmorStriking" (@LancesArmorStriking) on "The Financial Diet"
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CatEyes1993
Part of it is that most of America actually had pretty low property value on account of there being nothing to do there. Most of the U.S. is just cookie-cutter suburbs with nothing that adds value to the area.
Additionally, most houses here are cheaply built, out of fiberboard (compressed sawdust) and chicken wire, so not only are the walls thinner, allowing for more space, but they're easier to build.
On one hand, that adds to the economy; on the other, it means a 100 year old building is almost unheard of, because nothing lasts that long.
Cost per use goes down the older the house gets, but because they keep eroding, we just keep building new ones, with even fewer materials.
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@Afrobriit
as a poor person with some rich family members-- op isnt wrong.
Take a look at any lottery winner story-- they don't know how to handle their money, so they spend it all on trivial things (cars: depreciating assets), or spend on family (which isn't bad, but) everyone and their dog comes out of the woodwork asking for money.
Before you know it, you can literally blow through millions spending on those close to you, and then you're left with less than you had before you won.
You, at some point, have to set a boundary and get your books in order, and continue to set those boundaries, unless you want to go back to being poor.
Rich people are assholes, but they have trust issues, for good reason: you can never be sure if a person likes you for you, or is hoping to experience some 1-on-1 trickle down economics. Sounds harsh, but we all know people who (like you said) are greedy, that isn't reserved to the rich. So you have to be callous, or you risk losing what you have to your own better nature.
In an ideal world, nobody would be filthy rich and everyone would have basics provided for. But, we live in this world, where people can and do absolutely fall through the cracks, and so you have to (again, within reason) hold onto what you make.
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