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Mentality

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Thread replies: 9
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Why do my oriental colleagues suggest hoarding money to purchase rental property opposed to my white, western colleagues suggesting max contributions to a 401K for investment purposes? Why the different mentality? We're all salaried accounting professionals in the SF Bay Area.
>>
>rental property
earn increasingly more money as population density gets higher
>401k
get fucked by government when USD hyperinflates after ww3
>>
Interesting perspective. Is it because Americans have been sheltered from the rising geopolitical events unlike their Eastern counterparts?
>>
>as if they don't do both
>>
I live in the bay too. You should definitely invest in rental property. There's a reason condos are being built everywhere.
>>
>>1604040
What about the blacks?
>>
>>1604188
they very well could be doing both. Both groups. But this is what I've observed.
>>
File: chen sign.png (45KB, 554x439px) Image search: [Google]
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>>1604204
Not OP, but I dunno for sure, anon. Most blacks in my area are afraid of locking their money up anywhere. Best answer I have from experience is that most blacks believe in purchasing property to rent out to others.
>>
Rentals are good, but if you're in the bay area, definitely buy in other states. Prices are way too high in CA right now to make decent rentals.
Thread posts: 9
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