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Land is the basis of all wealth.
Anonymous
The meek shall inherit the earth but not the mineral rights.
J. Paul Getty, American oil magnate
In 1986, the Statistical Abstract of the United States reported
that three-fourths of the combined value of all assets in the
country was in the form of real estate. When you consider
how much of what Americans own is in the form of cash,
bank accounts, stocks, bonds, and other investments, that’s a
pretty amazing total.
On the other hand, if you look at the average person’s net
worth, the largest numbers by far—in both the assets and the
liabilities columns—are going to relate to real estate. Real
proper ...