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21 sats \ 4 replies \ @leo 10h \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ
Rant: If you think homes are an appreciating asset, you don't understand real estate
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0 sats \ 3 replies \ @SimpleStacker OP 10h
The structures aren't but the land (usually) is. especially in an environment of rampant monetary debasement
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0 sats \ 1 reply \ @leo 3h
Even the land is a huge bet on future policy, demographics and city development. Almost all of Japan is still cheaper now than it was in the 90s
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0 sats \ 0 replies \ @SimpleStacker OP 3h
Fair. Nothing is certain. But if offered a choice would you rather accept US dollars or land?
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0 sats \ 0 replies \ @j7hB75 7h
The land you basically don’t really own. Property taxes, eminent domain, etc.
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