Interesting… How often do you hear people saying only NZers have their wealth in housing, and they shouldn’t, they should invest in the stock market. Well, even US households have their wealth in housing, despite having massive capital markets…
“Even in the U.S., where capital markets are large, real-asset wealth—mostly residential housing—ran to $44,349 per adult in 2019 compared with $34,008 for financial assets like bonds and stocks, according to Credit Suisse’s global wealth report”
John Kenel
Assured Property
Source: The Wall Street Journal
#assuredproperty #housing #rentals #propertyinvestment
