It’s Not a Drag Getting Old: An Emerging Investment Theme
Rosenberg Round-Up
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Exploring the Implications of Aging US Capital Stock
Explore the aging trends of private capital stocks like houses, vehicles, and planes in the US economy, emphasizing the need for renewal cycles despite quality improvements. This chapter highlights the record average ages of assets like houses (40 years old on average) and discusses the substantial portion of the US housing stock predating 1917.
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