Nostr

mcshane 1y ago

friend super excited her house had evidently “tripled in value”

hard lessons on market liquidity & debasement

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Discussion

freeborn | ἐλεύθερος | 8r0gwg 1y ago

#few

Miron Henden ⚡️ 1y ago

Cute but wrong. Real estate really is worth if it cash-flows. Real estate investors are service providers.

mcshane 1y ago

which part is wrong

Miron Henden ⚡️ 1y ago

Your friend thinking that the price went up in real terms, when it really went in nominal terms. A house is usually a liability as it does not produce an income.

mcshane 1y ago

ah yes, agree