4 ms·
I think you‘re missing a few things: 1. Not everything is stuff. You can book a flight for 5000 Euros to the other end of the world. 2. Not all prices are the
by quonn 3y ago
I think you‘re missing a few things:
1. Not everything is stuff. You can book a flight for 5000 Euros to the other end of the world.
2. Not all prices are the best. You might overpay significantly for said flight in order to not have to think about finding a cheaper one. Same for everything else, such as grocery shopping.
3. Housing. It‘s easy to imagine someone buying a house for 5 million. Depending on the location this may not even buy an _extremely_ fancy house. If you don‘t like debt and want to pay it down in 10 years then 900k (and what really remains of that? 400k?) might be useful. Even if you don‘t care about „stuff“.
Maybe all you care about is not having to care about it.
- ben_w 3y agoNone of those matter, IMO. A flight ticket itself may be ephemeral, but the plane and the fuel are not. Overpaying for convenience becomes oversupply for convenience, which at the scale of "everyone gets it" requires massive overproduction. Houses will indeed always have a "location location location" premium; but the dynamics of this also changes if everyone has far more economic power — $900k is currently enough to commute by private plane, opening up many small places that are currently too out-of-the-way to get such attention, though I don't have any idea if that can actually scale given airport capacities and densities.