Replying to Avatar ODELL

investment real estate is a shitcoin

- can be rugged by local governments incredibly easily

- lack of liquidity, hard to buy or sell quickly

- overvalued due to decades of people trying to escape the losing purchasing power of their shitty money

- will trend to zero when priced in bitcoin

owning your own land is the exception - can still be rugged and will also lose value over time but can provide significant benefits for family security and well being
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twentyone 2y ago

#[1]​ all the things you say are true. And tax rates can increase at a whim and they will gladly just take your land/house from you if you can’t afford the taxes. I try to explain these things to normies and they look at me like I’m crazy. I also tell them that being a home owner just means you have slightly more rights than a renter. They don’t like that statement at all and end up getting pissed at me

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twentyone 2y ago

Don’t get me wrong. Owning land can be very beneficial. But to ignore all of the risks associated with it is just naive. And having the majority of your wealth wrapped up in real estate makes people more vulnerable than they think.