we buy houses for cash

Market sector value The Economist reported that the world’s developed economies’ assets by the end of 2002 were: Residential property: $48,000,000,000,000. Commercial property: $14,000,000,000,000. Equities: $20,000,000,000,000. Government bonds: $20, 000,000,000,000. Corporate bonds: $13,000,000,000,000. Total: $115,000,000,000,000. That makes property 54% and financial assets 46% of total assets. Not counted here are bank deposits, insurance and human assets.

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