Subnostr

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe I have a question about utility value. If, for example, houses are falling to their utility value, what’s your thought in practically how to approach utility value in housing then, for example?

My thought is downsize a larger house to something that basically meets a family’s needs. Live more frugally, spend less on housing if reasonable, etc. The extreme of this would be to move my family into a nomad, homeless state. Not to be contrary but it’s possible to fall off the horse on both sides of this. I love the vision just interested in the practical fleshing out of this concept. TIA

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Discussion

Jeff Booth 1y ago

Completely depends on what you value etc. Ie - If owning a home is more value to your family, then having it fall relative to Bitcoin is okay. (As long as you understand the trade off). Same with every purchase and also why I spend Bitcoin today (and replace) even though I know the purchasing power of it will increase over time. Maybe more simply - live your best life knowing the trade offs and you’re not taking it with you. How much fiat is “needed” to live your best life is largely emergent system of manipulation today. Hope that helps!

🤦🏼‍♀️ 1y ago

> spend Bitcoin today (and replace)

more need to do this.

Boadee 1y ago

Yes it does help. Thank you. I’m getting there to spending some and earning some. I feel like toddler again… learning how to walk. It upends the consumer mindset typical here in the West. Going to be a wild ride