3 ms·
The magical value of houses has been a concern for decades (see numerous housing crash episodes) but there is a difference: the payment stream from a mortgage i
by dboreham 5y ago
The magical value of houses has been a concern for decades (see numerous housing crash episodes) but there is a difference: the payment stream from a mortgage is enforced by laws and backed by the ability to take ownership of the mortgaged property. Perhaps a better comparison would be NFT vs mortgage _insurance_.
- fusionbro 5y agoNot sure it's so magical. If you own a home in a city whose GDP is increasing every year it makes some sense that property in that city would also increase in value.