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Why's it so slow? Are real estate investors just retarded or what? Idk how anyone can see bitcoin and then still think the real estate game looks good.

Personally, I'm hoping it causes widespread abandonment of suburbia. Lawn/garage neighborhoods are depressing shitholes.

halalmoney 2w ago

Most people who own their own in the UK have taken more than 20 years to pay down their mortgage.

When you stay in the same place for a long time you build an emotional attachment - neighbours, memories of raising your children, memorable family gatherings.

Downsizing is neither easy nor cheap.

When these people die, they will likely pass on their homes to their loved ones.

One could argue that Bitcoiners are attached to their stash of satoshis in a similar way to how boomers are attached to their homes.

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Discussion

Comte de Sats Germain 2w ago 💬 2

I don't think boomers are attached to their homes. They're using reverse mortgages now to finance perpetual cruises.

halalmoney 2w ago

The British pensioners I know live quite frugally.

Comte de Sats Germain 2w ago 💬 2

That's good news. Maybe the UK isn't as borked as I thought. Here in the US, 70-80 year olds live in houses 4x bigger than they need, have brand new RVs and boats in their driveways, and spend half the year on cruises, while paying "house sitters" (millenials with degrees they were never allowed to use because there's no jobs in their specialized fields) to take care of their pets while they're away. And the whole economic and political system is designed to perpetuate this absurdity.

halalmoney 2w ago

A bit of a tangent, but this shows how hard it is to be objective. What i thought was well reasoned analysis may just be misleading insights derived from personal observations

Comte de Sats Germain 2w ago

True. But personal observations generally lead to better analysis than impersonal observations, since the latter involves trusting someone else. All the information coming at you is actually more like noise, and it becomes information via your own perspective finding a way to orient it to your own observations. Or, as I just heard Professor Vervaeke say in a video, "I can't be unbiased, that's not a thing."