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HD - In The Long Run The House Wins - An Introduction To HOMZ
Home Depot Inc.
As a European Investor who has had the chance to live in several countries including France, Germany, Wales, Finland, and now Estonia, I am always amazed by how one common asset class tends to dictate the net wealth of its population, and that is housing.
It is well-known to the world that Germany is one of the richest and most successful economies of Europe with high income per capita and good standards of living. Yet, the net wealth of German households is one of the smallest in Europe. In fact, Germans are some of the