美国：穷人炒房，富人炒股
上图为不同收入水平的人心目中的最佳投资渠道。来源：盖洛普
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其次，人们似乎更倾向于把自己选择的投资方式说成是“最好的”。据盖洛普调查显示： 美国高收入人群更可能认为房地产和股票是最佳投资对象，这是因为他们有进行这类投资的经验。高收入人群拥有住房的比例最高，为87%，其次是中等收入人群（66%）和低收入人群（36%）。盖洛普调查发现，房屋所有人（33%）比承租人（24%）更有可能认为房地产是长期投资的最佳选择。 所以，虽然美国富人最有可能理解股票可以带来更高的回报，但他们也难免会认为，他们正在做的事情（即拥有房屋）是明智的。 当然，这项分析理所当然的认为“最好的”就意味着能够带来最多财富。而人们之所以投资房地产，可能还有其他原因。在理论上，投资人将房屋出租，把节省的税费、抵押贷款利息和维护成本投入到股票市场，这种做法是可行的，但在现实生活中却难以实施。首先，人的时间有限：他们要把大量时间用于寻找一个适合居住的好地方，可能没有时间明智地管理证券投资。其次，拥有房屋是迫使自己省钱的很好的方法，因为你必须支付按揭贷款，否则将面临失去房子的风险。 无论出于何种原因，如果你决定将额外的资金投入到房地产市场，你应该清楚自己这么做的具体理由。只要你不指望房产能在通胀调整基础上带来大量的财富，那就放手去投资吧。（财富中文网） 译者：刘进龙/汪皓 |
Secondly, it appears as if people are likely to say investments they own are the "best." According to the Gallup report: Upper-income Americans are much more likely to say real estate and stocks are the best investment, possibly because of their experience with these types of investments. Upper-income Americans are most likely to say they own their home, at 87%, followed by middle (66%) and lower-income Americans (36%). Gallup found that homeowners (33%) are slightly more likely than renters (24%) to say real estate is the best choice for long-term investments. So wealthy Americans are the most likely to understand that stocks provide the best chance for a higher return, but they are also not free of the tendency to think that the thing they are doing (in this case, owning a home) is the intelligent thing to do. Of course, this analysis takes for granted the idea that "best" necessarily means the investment that is most likely to make you the most money. There are, of course, other reasons why people might decide to invest in real estate. While it theoretically might make sense for an investor to rent his home and plow the money he saves on taxes, mortgage interest, and maintenance into the stock market, such a strategy might not work in the real world. First of all, people have limited time: They're going to spend a lot of energy choosing a good place to live, and might not also have the time to wisely manage securities investments too. Secondly, owning a home is a great way to force yourself to save money, as each mortgage payment is something you have to make, lest you risk losing your home. Either way, if you decide to put your extra cash into real estate for these reasons, you should be aware that this is the reason you're doing it. As long as you don't expect your home to make you a lot of money on an inflation-adjusted basis, invest away. |
