Houses are primarily for living, not investing. Their main purpose should be to provide shelter and a home, rather than serve as a financial asset. Viewing homes solely as investments can distort the housing market and make homeownership less accessible.
Discussion
real estate bros will cry like you've never seen
nostr:note1rlhtfztagluerlmx8kth33jtfuhmwek4g7nkvswzfh9gug6x0n7qz0cd74
I just had this discussion over the weekend with one of my wife's relative. To the point you're making he was like "where else am I supposed to park my money?". To this I said "Bitcoin" and he literally just laughed. HFSP I guess
I guess we are still pioneers.
This is how it is in Japan. They've been not so solid on other fronts, but on this front they've been solid as.
It's nice to see countries really setting the incentives right and educating people on it. Everyone should afford a place to live.
But if you buy all the homes and create a cartel for fixing rental prices they make one hell of an asset
I guess someone has to take the loss. I guess it's businessmen losing some money vs people having a place to live...
I never understood it before taking nostr: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 's principles of economics course. You're right. The Austrian perspective suggests that stable, unmanipulated interest rates would lead to housing being valued primarily for its use-value rather than speculation. A more stable housing market emerges when homes are built based on genuine demand for shelter rather than artificial investment incentives.
This aligns housing with its fundamental purpose: providing shelter and community, while avoiding the boom-bust cycles that make housing increasingly unaffordable for actual residents.
Amen! Most homeless people have no clue about how the incentives are set now, they just want a home to live in. It is the responsibility of people who set the rules of the economy to set things up so no one ends up on the streets without a house to live in.
I hope the time comes when my grandchildren ask me: grandpa, tell us those silly stories from the past.
Then I would be like: I lived in times when people were storing their savings in houses.
Kids: Houses, but gramps we do that even today.
Me: No, not like that. Not keeping savings at home but literally buing several estates for the saving purposes.
Kids: You’re kiddin’ grandpa. No one would ever do that. This is stupid.
Me: Yeah, but what you do when your money is broken abd looses value every day. These were the times.
I really hope we have a chance for such discussions.
Remove government interventionism.
Saifedean Ammous did a fantastic job explaining his concerns about the hoarding of capital goods over sound money in episode 258 on his YT channel. Too much capital pumped into stocks has no real productive use. Capital goods (i.e. our modern stock market) are over valued and lousy substitute for a digital, peer to peer, monetary commodity like bitcoin.
Bravo to Saifedean Ammous, can't wait for him to start his blog on niche, but important topics for the advanced thinker.
Amen🙏
In absence of sound money, people will hoard assets. The obvious choice for an individual or family is the domicile. Bitcoin fixes this.