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Exactly. Why exchange one inflated asset for another inflated asset when you can cash out and keep them in T-bills (or even a broad ETF), instead.
by umeshunni 7y ago
Exactly. Why exchange one inflated asset for another inflated asset when you can cash out and keep them in T-bills (or even a broad ETF), instead.
- fullshark 7y agoWell you can actually live in one of them.
- raverbashing 7y agoIf you suspect the price of the asset will go down, then it's better to rent than to buy it
- leet_thow 7y agoPlus I figure the majority of people who have significant gains likely vested around 2011-13 and are closer to middle age now like myself and are thinking about family and retirement, not wine cellars and penthouses.
- brij0102 7y agowine cellars and penthouses can definitely be part of retirement :)
- whb07 7y agoTalk about burning money. Treasury bills are returning negative real rates. Back in the 80s there was a brief window where treasury bills hit close to 15% and that’s because they were thought to be suspect. Perhaps we should get back to rationality and start suspecting that massive deficits and printing Monopoly money isn’t so good for the future.