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The Trillion-Dollar Personal Property Thesis
Sections
Unlocking the Trillion-Dollar Potential of Personal Property
The poor are not actually poor in terms of assets, but rather in terms of legal representation. Without clear title, a home in a Lima shantytown cannot be leveraged for credit, traded efficiently, or used as a foundation for capital formation. It is, in economic terms, "dead."
A new form of dead capital has emerged—not in the informal settlements of the Global South, but in the climate-controlled vaults, safety deposit boxes, and closets of the developed world.
$8.17 Trillion
Consumer Durable Goods
US Households (2025)
$30-50 Trillion
Global Personal Property
Conservative Estimate
By bridging the gap between physical custody and digital finance, investors and technologists are attempting to do for the American closet what de Soto advocated for the Peruvian homestead: formalize the informal, and financialize the dormant.