On Thu, Sep 30, 2010 at 11:32 AM, Jerry Johnson <[email protected]> wrote: > > And how can you justify excluding real estate? > > (That is a LARGE part of many overall wealth equations)
Most real estate is not income producing, fungible or very liquid. Which doesn't mean that you ought to always exclude it of course but it is a different type of wealth than, say, your paycheck. Assets and income are both important but they are different from one another. When looking at wealth in the United States, I think it is important to look at both and understand what they mean. In either case, the income gap is still widening in terms of both gross assets and net income. Cheers, Judah ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:328339 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
