Reply to European Expansion: Eye-Opening, Frustrating, and Possibly Not Worth It

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let me repeat.  Americans have very little assets and [b]very low true home ownership rates.[/b] Debt is out of control. And the PP talking about a VP at a bank in DC retiring with millions knows nothing about banking.  The vast majority of banking in DC is retail and a VP makes 175k at best. The best paying jobs in banking are in NYC, London, Houston, and Singapore and are in IB and trading. 
I feel sad for the PP of the German descent; poverty does a number on the brain. I went to an Ivy and we have a vacation home in Colorado and life is about more than that.

"U.S. Has 3rd Lowest Percentage Of Households That Own Their Homes Without Mortgages"
https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-lowest-percentage-of-households-that-own-their-homes-without-mortgages/[/quote]

Where do you come up with this stuff? The US rate is higher than France, Uk, Sweden, Germany etc.

https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

US has lower household debt than most Western European countries, and “very little assets” also isn’t true. [/quote]

^The ignorance of this comment is typical of US understanding of wealth. Click the Forbes link from the PP, the US is not doing so hot on true, free and clear home ownership.[/quote]

According to Bloomberg:

https://www.bloomberg.com/news/articles/2023-11-17/amid-high-mortgage-rates-higher-share-of-americans-outright-own-homes

The Share of Americans Who Are Mortgage-Free Is at an All-Time High

Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low.
[/quote]

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