The Securities Act of 1933 In 1929, the worst economic downturn in modern history, known as The Great Depression, began. Though there is not one, specific cause, overconfidence from the booming 1920s led everyone--from millionaires to janitors--to buy in on the market. Ordinary people bought stock on easily obtained credit they were unable to pay back.
I love a good heckler. Hecklers force you to have well-thought out rationale for your actions and suggestions. That’s because they often pose good arguments. I’m a fan of free speech and debate for improved clarify and strategy. Here’s the question: Are physical assets a burden or a benefit? In truth they are both. Physical assets can be a
For many millennials, the affordable housing crisis has existed for the entirety of their adulthood. Despite this crisis being a prominent topic in political discourse, there doesn’t seem to be any improvements. Far too many low-income Americans are paying 70 percent or more of their incomes for housing, while rents continue to rise and construction of
Do you know how to build a legacy of wealth that will last 6 generations? It’s a tall order to even fathom. Let alone attempt. Who knows what "building a legacy" even means? It's one of those esoteric ideals that we think we want but are not really sure how to execute. Then, even if you are successful in generating financial wealth that
As we move into a changing economic environment we must focus on diversification into other markets where cost of acquisition is lower but job growth and wage growth is still strong. Ideally, we are looking for markets where the cost of new construction is higher than existing housing stock and the macro market shows good economic growth. National data as
It’s common knowledge that we’re going through housing crises in many American urban centers. Nearly half of all renters can’t afford rent and over half a million Americans are homeless on any given night X. While most of the discourse on the housing crisis tends to focus on affordable and low-income housing, workforce housing, which is a nuanced category
The Jumpstart Our Business (JOBS) Act of 2012 introduced equity crowdfunding to the investment space, allowing small businesses and small investors to raise capital and build wealth. Crowdfunding is a new opportunity for non-accredited investors to give capital and receive various returns (like equity, merchandise, or early access) from a company.
The wealth gap in the United States is staggering. The wealthiest 1% of individuals control 40% of the nation’s wealth. 2018 created more millionaires than ever before yet millions are struggling with consumer debt, rising housing costs, inflation, and stagnant wages. If we can address the wealth gap the biggest political agendas would lose their teeth
While unemployment rate remains a prominent topic in political discourse, nearly 40 percent of employers have difficulty filling jobs due to insufficient talent X. Worse off, nearly 80 percent of construction businesses are having a hard time finding qualified skilled labor. For context, there are currently more than 140,000 vacant construction positions
Although not explicit, the Declaration of Independence’s promised rights to life, liberty, and the pursuit of happiness surely implies access to basic goods—services and resources such as water, electricity, and sanitation, without which life is virtually impossible X. In the 23 years since the passing of the Telecommunications Act of 1996, the internet,