you're right, dont buy land. pay a landlord and when they raise your rent to just above what you can afford, then what?
debt should be leveraged. if you're not, you're falling behind, because they are.
Discussion
You never witnessed falling real estate prices,my young friend
Why should I care about the value of my house when I have no plan to sell it? It’s a shelter, not a speculative asset?
Also inflation is just gonna go up forever and faster than before so the debt will be easier to pay back over time.
I see deflation on the horizon
Maybe in a few decades once all fiat currencies have collapsed and we’re back to sound money. Until then, nothing stops the money printer and it will only accelerate.
Remember 2008-2009? Now add AI and the debt spiral
