Replying to Avatar ₿logging₿itcoin

My parents bought a house in 1990. Today my mom said it cost $134,750.

I converted this to ounces of gold. It turns out gold did better than real estate.

It makes sense. Houses depreciate over time. This calculation didn't include interest, insurance or repairs. Real estate is not a store of value. It just loses value slower than the dollar or wages.

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cuban 1y ago

I agree, just repeating what they say

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