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by jlmorton 930 days ago
People don't just get to decide something is an investment. It depends entirely on the behavior of the rest of society.
2 comments

Behaviour by the rest of society is influenced largely by public policy.

In Ireland, investing in Housing/Land is largely one of the best investment assets you can own due to the lack of Capital Gains or Deemed Disposal rules.

>People don't just get to decide something is an investment

They absolutely do in a democracy in which they (home-owning baby boomers) represent the biggest demographic voting block.

Well, I meant individuals don't just get to decide something is an investment. Certainly society as a whole, or even a large bloc of voters can decide something is an investment.