And banks! If you own bank stocks, you own mortgages. If you own the S&P, you own bank stocks.
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meyotch@slrpnk.net 10 months agoNever heard if REIT?
WarmApplePieShrek@lemmy.dbzer0.com 10 months ago
Comment on [deleted]
meyotch@slrpnk.net 10 months agoNever heard if REIT?
And banks! If you own bank stocks, you own mortgages. If you own the S&P, you own bank stocks.
SCB@lemmy.world 10 months ago
C’mon man. You’re being serious?
meyotch@slrpnk.net 10 months ago
Yes. It’s a legitimate investment vehicle that people with money use to diversify their holdings. What’s with the incredulity? Rich people act in their own interests, news at 11
SCB@lemmy.world 10 months ago
You’re suggesting, with a serious face, that the fact that real estate investment trusts exist means that “rich people own the buildings their companies are in and want return to office to raise the value of those buildings.”
That’s a thing you think is real.