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Replying to Avatar Marty Bent

A hill I will die on:

Fiat has corrupted markets to such a degree that everything must be looked at as a financial investment, housing being the worst example.

Real estate is a consumable good that provides utility; shelter. And it should be priced accordingly. You can certainly add premium value for aesthetics + location, but it shouldn't be treated as a savings account.

Real estate developing a monetary premium because governments and central banks print it out of thin air has completely distorted the real estate markets.

People should be able to simply save money and not have to invest to outpace inflation, but invest when they believe they have asymmetric information that will provide returns.

Bitcoin fixes this.

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Texas Water HODL 1mo ago

Agree 100%. I think people are starting to realize this. Interesting to see what the market will do on land prices in the next few years as more folks save in Bitcoin or other financial devices. Although, it seems like states will more freedom will still be receiving political refugees from places like New York, which will keep prices high in Florida and Texas.

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