Subnostr

In any case, an interesting point of view. I had a similar discussion today with a German fellow somewhere on a Turkish beach. He plans to sell his house in Germany which he proudly bought for €400k and which is now “worth” €1.1M. In 9 years at age 60 he wants to swap the property for 3 appartments in Marbella, one as a retirement home and 2 as an AirBnB Cash Machine. Solid plan for sure. But with broken Fiat money, what if the thesis will no longer work?

👇🏻

“🔸#Bitcoin Will Drink Your Milkshake

Boomers had the most favourable economic conditions of any generation.

They had government policies cater to them in every possible way to facilitate their prosperity:

- Education

- Abundant Jobs

- High Salaries

- Cheap Bank loans

- Government housing programs

They bought their homes for a handful of berries and now expect younger generations to pay millions for them to fund their retirement.

Not gonna happen. The party is over. Bitcoin will drink your milkshake.”

via @BTC_Archive

frphank 1y ago

So you'll sleep under a bridge then?

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Discussion

BankSith 1y ago

No. The message is a different one. Property (latin Immobile, so unmovable) serves as a savings mechanism (Google Cantillon effect) but the dimensions are just insane due to money printing. Imagine people (the majority not just rich people with Ferrari) switch to “mobiles” instead of houses. Your Golf is worth 5 millions dollars. Great. You hardly use it for driving just as a store of value… That is the message! A home will always come with a price tag but with reasonable dimensions in connection to different salary income/home value ratios under a hard money standard (past: gold/future: #bitcoin?). nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u what do you think?

BankSith 1y ago

Better illustration here