3 ms·

Imagine how psychologically demotivated you would feel if you didn't have the property...

• prawn 5y ago
  And were watching others' properties rise aggressively in price, and further out of your reach. I can imagine that many people feel quite helpless.
  • cblconfederate 5y ago
    and resort to cryptocurrencies
    • prawn 5y ago
      Which is (at least for most people) more or less gambling.
  • siquick 5y ago
    All the while being bombarded with ads from real estate companies trying to FOMO you into buying a very average house for a price you really can't afford.
• exporectomy 5y ago
  People are always feeling bad that they missed out on the hot new investment thing. At the time I bought, prices were already rising rapidly and people were complaining how they'd missed out, assuming the boom was about to end. The rise of cryptocurrency is probably creating a lot of unhappy missed-outers too. But these people somehow forget that they're still able to get in on the ground floor with the next hot new investment thing. I remember during the first couple of bitcoin bubbles, people complaining how early adopters were making so much and how they missed out. But then the next bubble would come, and the next, and the next. Some people are just too risk averse to ever win the bubble lottery.