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I agree with your point about systemic issues pushing people towards real estate or to carry cheap debt (particularly in the form of mortgages). But the leap fr
by llbeansandrice 5y ago
I agree with your point about systemic issues pushing people towards real estate or to carry cheap debt (particularly in the form of mortgages). But the leap from:
> investing in public companies and tech is very risky, as valuations are at record highs
To real estate where valuations are also insanity and at record highs doesn't make any sense.
- i_have_an_idea 5y ago> investing in public companies and tech is very risky, as valuations are at record highs > To real estate where valuations are also insanity and at record highs doesn't make any sense. The difference for me is that I saw what was happening in public markets and I bought real estate in a country where this wasn't yet the case. It is now though, so your point is valid.