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Real estate has at least one thing going for it: you can live in a house.
by triceratops 4y ago
Real estate has at least one thing going for it: you can live in a house.
- prottog 4y agoNot only can you live in a house, literally every economic activity requires land on top of which you set up your capital and perform your labor. It's not the same thing at all as Bitcoin.
- mihaic 4y agoYes, it's not called "imaginary estate", but even practical things can be speculated. I'm sure I would pay $500 per month for internet or drinking water for instance, but in general this type of rent-seeking behavior is not good for the economy.