4 ms·
>Real estate(the land, not the mansion) is a really good long term storage of wealth as it is fixed, finite, and doesn't depreciate in value except through mark
by jdasdf 11mo ago
>Real estate(the land, not the mansion) is a really good long term storage of wealth as it is fixed, finite, and doesn't depreciate in value except through market trend and it basically only go up as long as the economy itself grow.
None of this is true.
Step by step:
>as it is fixed
Something not being able to be moved is a negative, not a positive
>finite
New land is created all the time. The netherlands has created an entire new province.
> and doesn't depreciate in value
Only true legally. I can assure you land does depreciate, as can any farmer that has used it to farm the same crop for years and now finds its yields reduced as a result.
>except through market trend
So, just like any other asset?
> it basically only go up as long as the economy itself grow.
Untrue, simply check any number of rural areas that have had the life drained out of them over the past 50 years.
Land is useful, but let's not pretend like it's something it isn't.
- ageitgey 11mo ago> New land is created all the time. The netherlands has created an entire new province. You're 'technically correct' but the total amount of land being created is so small as to be meaningless in a global sense. Your arguments are fixated on extreme corner cases. I'm not sure what you are arguing for.
- Xss3 11mo agoTheyre an edge case warrior, best to ignore them lest you want to spend an age addressing every niche circumstance.
- jdasdf 11mo ago>You're 'technically correct' but the total amount of land being created is so small as to be meaningless in a global sense. By that argument we don't even need to create any land at all. There is plenty of empty or nearly empty land all over the world. It may not be as desirable as specific places, but i can assure you the cost to make large swathes of land inhabitable by humans is comparatively low.
- kiba 11mo agoLand not depreciating is true, because unlike capital, it doesn't suffer entropy for all intent and purpose. Compare that to a car, which is forever basically a depreciating asset. Also, Netherland did not create land, because ocean is a type of land. They merely improve the land to the point that it can be used by people walking around, but that also preclude the ocean to be used by other means such as aquaculture and building coral reefs which can be used to provide ecosystem services and sustenance to humans.
- faidit 11mo agoNew startup idea: landhacking. We disrupt the earth's surface itself by simply building land under or above the existing land. The new land will be fully non-fungible, powered by blockchain and AI. We're so sure this will work, we're taking pre-orders for parcels of hacked land already!
- plumeria 11mo ago> They merely improve the land They terraformed it :)