Its the mentality that makes me mad. I studied it. I excelled in my finance classes, which divided their attention between real estate and options. I hate it all. They tell you you have to do it to not lose to inflation, but then roll right into how to gain advantage using debt, and its limitless, and you can write off expenses and get out of taxes - great, but taxes are paid, either directly or by debt, and these people build their whole lives around being the exception and taking advantage, and then justify it like psychopaths, which they are, saying you have to do it to beat inflation. They could have bought gold and beat inflation. They could have started a business with a real service and easily more than beat inflation. Instead they did the most parasitic thing they could find in the whole economy.
Discussion
is it really that they are parasitic or that they are trying to be parasited less?
i think by the same logic someone could say that bitcoiners are parasiting also by avoiding being robbed by shitty money
the thing is they have saved the most so getting them to consider buying bitcoin as a way to save money has a broader benefit and because they have been robbed less due to their conservative position and taking advantage of this clear positioning of mortgages as a savings instrtument means that you get these people to buy, you will see a big spike in demand for bitcoin and much bigger hodl population who already have some grasp of the concept of saving
i understand the spite but if we get them on board it really floats our boats
You're right. It doesn't change my anger, though. Man... If I'm not careful, I'm going to broadcast a rant nostr:nprofile1qqstm84k2lp9knmvmf5gw88zvfvar7duvfpqfplryfystdn55ug2gksprfmhxue69uhhyetvv9ujumn0wd68yurvv438xtnrdaksz9thwden5te0wahhgtnwdaehgu3wwpshyareqyg8wumn8ghj7mn0wd68ytnhd9hx2j8uly5 style, and a fraction as coherent. I love his rants. I got some angst today...
You have made me see the light. When you put it this way. Are you saying if the investors parked their money elsewhere ex: gold, stocks, businesses etc. the housing prices wouldn’t be so damn expensive and they could be used for its basic purpose? Shelter and not an investment?
Well... I'm less certain now. The beauty of bitcoin (or, one of the many beauties) is that it transmutes greed into a good thing for everyone.
I'm just mad at the mentality. They truly don't deserve it, I stand by that, but we'll be okay.
No, houses would still be expensive. Maybe less expensive in places that are popular with foreign investors, like Vancouver. With the money losing value, expensive immovable objects have to accrue in price.
I still think they should be last. But we'll be okay.