Replying to Avatar elsat

Real estate is a consumption good.

Investment 🏡 is a 💩coin, given the opportunity cost.
15
Change this if you want 1y ago

I just had a conversation with a guy who dumped 3 coins to pay a downpayment for a new house in believe that itis a good investment

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elsat 1y ago

Yeah. Most folks do not think about money, savings, and opportunity cost. It is difficult to differentiate between investment, consumption, and saving.