No, the reason that property can be such a good investment for individuals is the opportunity for leverage. I put down only a few thousand dollars (5%) on my house when I bought it, yet its increase in value is very large (several hundred thousand dollars). Of course, with leverage comes risk. Many people lost out dramatically in the recession when house prices dropped. My house value never droppped below its original purchase price.
And that risk has burned some folks significantly. I know folks who bought property with a 5/1 ARM, planning on moving before 5 years, or refinancing if they stayed. Four years into it, they hit the recession, couldn't sell their place, were underwater and unable to refinance, and saw their interest rate rise at the same time. They took a risk -- they're better now, but it was tough for a while.
Expect computations to keep doubling this your key that takes a year to crack will take a few hours in the course of a few days in the next decade.
Not to worry; I'll change my key several times before then.
There is actually quite a lot of competition in the air travel space. About a dozen major national air carriers and over 100 regional and specialty air carriers that do passenger service. I assure you, the cost of airfares are set at what the market will allow. Chances are good that your local cable company or phone company has a monopoly on internet or video services where you are...There is almost certainly not a monopoly on air travel.
Somewhat true. There are limited gates at each airport, so any airline wanting to expand its business at a busy location will have to buy a gate from an airline that holds it today, and if the other one won't sell, too bad. Mergers as well reduce competition: American, Southwest, Delta, and United now serve >85% of the US market. Milwaukee claims to be served by 8 airlines, but it's really 3 plus a few miscellaneous flights.
However, what's wrong with bringing fewer bags, if you want to, or else paying the going price for the bags you really need?
What I'd like to see is a fee to use the overhead compartment. First checked bag is free; first bag overhead costs you $25. The problem with the process today is that it noticeably slows passenger loading and unloading, because everyone tries to cram all their stuff into overstuffed roller bags, making us feel like a cattle car and enduring multiple announcements of "place your small items at your feet, folks; we offer free gate check;
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