I would forget about the real estate...
Short fiat and long hard assets (bitcoin, art, real estate). It’s the common playbook of the wealthy since we left the gold standard.
As nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak said that the fiat standard is the only system where negative cash balances makes sense, those with access to credit benefit by shorting the dollar and going long on hard assets.
#bitcoin
#fiat
#fiatstandard
Discussion
I used to believe in real estate. I don't know how I feel about it now. You can still utilize it well if you're smart and resourceful but I'm still much less bullish on it than I used to be.
Yes agree, its another manipulated asset class like gold or equities. Governments restrict supply though zoning, regulations and red tape nonsense. There is a shit ton of land and no reason for houses to be 10-13x average annual salary (talking Sydney, Australia here). It's a basic fkn human need (shelter) and should only be valued for it's utility and not as a saving mechanism. First it was gold > bonds > stocks and now real estate. The fiat standard has been creating ongoing malinvestments and bubbles in most asset classes since we left the gold standard.