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It's just not the get-rich-quick schemes people of today prefer. For example, everything you can say about Bitcoin, you can say about land as well - it's scarce
by nikolay 9y ago
It's just not the get-rich-quick schemes people of today prefer. For example, everything you can say about Bitcoin, you can say about land as well - it's scarce, but unlike Bitcoin, it has a real utility.
- tehlike 9y agoYes, real estate has historically been on the rise, despite small hiccups like in 2008. The important thing, as usual, is to diversify over different areas (so that you don't get hit like detroit). Eventually, land price is bound to go up because population is growing.
- tehlike 9y agoAlso one more thing in Bezos' case, he controls a large corporation. Meaning that he can technically buy large patches of land in advance, before Amazon decides to move into a city, for example.