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21 sats \ 5 replies \ @leo 13 Nov \ 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 \ 4 replies \ @SimpleStacker OP 13 Nov
The structures aren't but the land (usually) is. especially in an environment of rampant monetary debasement
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0 sats \ 2 replies \ @leo 13 Nov
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 \ 1 reply \ @SimpleStacker OP 13 Nov
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 \ @leo 13 Nov
I can buy Bitcoin with dollars, but not so easily with land!
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0 sats \ 0 replies \ @j7hB75 13 Nov
The land you basically don’t really own. Property taxes, eminent domain, etc.
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