2 ms·
People feel great about their property value, until they sell and they learn that to buy similar place they often have to pay more that they got from the sale.
by varispeed 6y ago
People feel great about their property value, until they sell and they learn that to buy similar place they often have to pay more that they got from the sale.
It only makes sense if you want to leave everything behind and buy property in another state or country.
Now that people have Bitcoin, hopefully they'll stop using properties as a store of value.
Maybe we need a regulation that will cap rent profits to be no higher than inflation or something similar.
We also need to loosen the regulation so that a family can easily buy land and build a house (only one per family).