Post
Topic
Board Economics
Re: True wealth and fake wealth
by
Minor Miner
on 23/07/2024, 10:03:19 UTC
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

I like land because of freedom it provides. You can build shelter over it, grow food on it, if you want to move from one place to another — you can always sell it.

The land it depends the location and goverment but goverment generally cant be trusted.

...and yet you suggest stable coins which are centralized and historically there have been cases where wallet funds were freezed.



Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.

I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.