tvoivozhd---what James is saying and I will corroborate, it is lack of personal experience to the contrary, that creates the illusion of economic permanency---that can be shattered at any time, including the illusion of permanancy of real estate. It looks like you are standing on terra firma, but quicksand lurks underneath.
Don't place too much faith in your "ownership" rights to real estate in the United States either---Eminent Domain confiscation is a frequent fact---and not just for verifiable public purpose, more frequently of late it is to benefit politically heavy-hung politician/developers---BANG, your "property rights", your supposedly permanent real estate and your money is gone.
And the most fearsome threat to ANY illusory ownership today is that your "investment" is represented by 1's and 0's on bank and government computers---how's that for terra firma turning to quicksand?
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