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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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Jonathan 2mo ago

Just had this conversation with a commercial real estate broker and investor. Most of his colleagues are preparing to become poor he said, and if he was 21 and had to find the same job he couldn't do it today. I've been working on him to move to bitcoin, but it's harder for a rich man to enter bitcoin than a camel going through the eye of a needle.

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