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The Evolution Of America-The Destiny Cliff

America has evolved to a entitlement society and the ramifcations to real estate and investing are very material

By Joel Ross | Updated on January 20, 2013

Some people think I should refrain from my macro comments. However unless you understand poitical and world macro trends, you can’t really decide how to underwrite risk over five year hold periods. It is for that reason i offer the below and many of my past Rants.

Last week I had dinner with a gentleman who grew up in the back of a Chinese laundry and through his own efforts, went on to become one of the most successful people in Wall St. It made me reflect on all my good friends who are of my generation who also started with little to nothing and now are well to do or wealthy purely on their own sacrifice and effort.

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