"Money in the bank is a risk," She said.

I'm currently on vacation and had an intersting conversation about banks, the housing and financial markets worth sharing.

I'm in California on Vacation from Canada. We have a family friend who is 78 years young. She's had a FULL life (9 great grandkids, dated a rock star, had 3 marriages, etc hah!) and is a savy business woman who worked in education, tourism, property management, and ran a bed and breakfast.

In her retirement she's quite nimble with her real estate and just listed her place in a gated community that she just finished renovating. She's looking to buy a similar un-renovated property in the same community.

When I asked her why, she said, "I think the market is going to go turn and want to get my money out, but I also don't want to put my money in the bank because that's a risk too."

My partner and I exchanged glances. She continued and said, "Have you heard about the bank issues here?"

I didn't bring up Bitcoin or Nostr, lol. But later talked to her about real estate investing.

An intersting perspective from someone of that age.

#Education #RealEstate #Bitcoin