Quote from: Argoo on May 21, 2023, 03:42:07 PM

Quote from: fuguebtc on May 21, 2023, 10:43:39 AM

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.

Now the general economic and financial crisis continues. It affected almost all countries after unprecedented measures to combat the coronavirus pandemic, ongoing wars, especially that Russia unleashed in the center of Europe by invading Ukraine, as well as climate change, which primarily negatively affects agriculture. During this period, keeping funds in fiat or in banks at interest is inefficient. A much better solution has always been an investment in real estate, eternal values, antiques. And now we have a great solution with investments in the best cryptocurrencies. But in cryptocurrency, you cannot count on quick profits.

I don't want to offend, but I think the people who say real estate has no potential are the ones who don't have enough money to invest in it. The demand for gold and bitcoin may disappear if we find a metal more precious than gold or a new technology better than bitcoin, but real estate will always be in demand because everyone needs a place to live.
To sum up, with the economy in recession, and currency depreciating, we should stay away from fiat money altogether and allocate our money to deflationary assets like gold, bitcoin is a perfect choice.