Oddbean new post about login | logout Gotta be crazy to buy real estate
Real estate is a consumption good. Investment 🏡 is a 💩coin, given the opportunity cost.
I don't even look at my home as an investment. My garden is an investment, but my home does nothing but cost me sats.
I just had a conversation with a guy who dumped 3 coins to pay a downpayment for a new house in believe that itis a good investment
💯
You gotta be crazy to not have 1 piece to call home. More than 1, I can agree is crazy. But if you plan on living somewhere for more than aa couple years, you are throwing sats down the drain and into someone else's coffers.
Tout ce que mes grands-parents nous ont toujours conseillés de faire même avant d'être en couple ...Et toutes les fiemmes de ma défunte famille ont toutes laissé cet héritage à leur progéniture .. Chez la gente féminine c'est l'une des plus grandes protection sociale en termes d'autonomie et de liberté d'action..
Agreed. No fucking way I’m cutting another mana lawn. And no fucking way Ill have a wife that accepts an unkempt house. So I rent. And I call another man. To arrange with another man. To come over to my house. And fix my tap? Nah. Not if I can help it. Land ownership is a reflection of the pride of oneself. If possible. Own. “Its up and to the right forever Laura”
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I’d rather hold all the keys
but I wanna live in my own house 😭
The majority of people take mortgages and can't afford it anyway. So, you don't own your house. You have an equity in it which is different