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Where the money is
(lemmy.one)
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this post was submitted on 20 Oct 2023
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Are houses considered money though? They are where most of peoples net worth is, but perhaps it is too non-liquid to be considered actual money for this chart.
But what's silly is that most of Bill Gates money is in stock markets so why is that money separate? Unless it is not part of the total.
I'd say so. A lot of investments are in company stock that simply couldn't be sold legally or without tanking it. I'd say it's easier to sell your house for a profit than for them to sell significant amounts of those shares. Or even for them to trade them.
That's a good point. You could sell all the houses in the world to eachother without the total value of the houses going to zero.
However with the stock market there is no way to extract this 66.8 trillion. You could maybe sell 20 trillion and then it could be worthless.