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0 sats \ 0 replies \ @stack_harder 7h \ on: Why UK Homeowners Are Delusional About Property Values (FT, Hugo Cox) econ
About a year or so ago my friend came into an inheritance and was hell bent on getting a house he could rent out while he lived in a cheap region of Russia.
I had been trying to get him to take some bitcoin position for years, just get skin in the game, but to no avail.
So I said, why don't you just get some gold instead then , good old boring gold, just not to have the capital sitting idle. He said, gold is too high now, it's 'too late'.
it's taken him over a year of fannying about and has finally got something, which has sucked up all his capital and which will, at best, return 800 pounds a month, and prey there are no issues with tenants.
the cost of leaving that money idle and not learning is not zero. Putting 50k into gold would have netted him over 17k, btc more, but it takes time to learn to be comfortable with bigger amounts.
of course people say , gold is shit, the stock market is better, sure, but most people are too scared to invest anyway, but i've never met anyone from the UK that believe that houses are like , the best invesement ever