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08-03-2024, 06:07 PM
#1
Misc real estate crashcels/rentcels should watch this vid to try understand reality
Start at about 18min, or watch it all, but he breaks down the reality of the situation and why sht is fked and likely will never crash again. The guy is a bit of a huckster but he makes some good points.
Hint:
It’s over srs, weimarmaxxing is the logical next destination
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08-03-2024, 06:13 PM
#2
Once you abandon the belief that government-issued currency has any inherent value, this all becomes far less concerning or complex
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08-03-2024, 06:16 PM
#3
Originally Posted By r32gojirra⏩
They won’t understand srs. 08 completely changed the monetary system
Once you abandon the belief that government-issued currency has any inherent value, this all becomes far less concerning or complex
Fix It Again Tony currency can literally become worthless overnight
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08-03-2024, 06:20 PM
#4
Originally Posted By ThatGuy950⏩
Meh
They won’t understand srs. 08 completely changed the monetary system
Fix It Again Tony currency can literally become worthless overnight
Fix It Again Tony currency can literally become worthless overnight
Anyone that lived through the 90’s Ruble devaluation understands the inherent worthlessness of currency
Westerners can’t get out of the mindset of denominating values in nominal dollars
If you own a house it still provides the same level of value in terms of its intended purpose - housing - regardless of whether the nominal value of said dwelling goes up or down.
Same as a loaf of bread or barrel of oil.
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08-03-2024, 06:24 PM
#5
Originally Posted By r32gojirra⏩
For me, it's all about paying the least amount of overhead/taxes possible in order to free up funds for literally anything else than paying it to a bank or the government. So yes, I pay rent to a landlord but it's half of what I would pay to a bank for the same living space.
Once you abandon the belief that government-issued currency has any inherent value, this all becomes far less concerning or complex
I don't think real estate is going to crash (although there is a correction happening now in Canada) but I do think that buying a house where I live right now isn't a smart financial decision and hasn't been for a long time.
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08-03-2024, 06:33 PM
#6
Originally Posted By WoofieNugget⏩
Tax planning and tax effective investment is not contradictory to focusing on assets
For me, it's all about paying the least amount of overhead/taxes possible in order to free up funds for literally anything else than paying it to a bank or the government. So yes, I pay rent to a landlord but it's half of what I would pay to a bank for the same living space.
I don't think real estate is going to crash (although there is a correction happening now in Canada) but I do think that buying a house where I live right now isn't a smart financial decision and hasn't been for a long time.
I don't think real estate is going to crash (although there is a correction happening now in Canada) but I do think that buying a house where I live right now isn't a smart financial decision and hasn't been for a long time.
Very few people would be able to negotiate an employment contract where they are paid in a predetermined weight of gold bars
Marx was writing in the 1900’s about money being a unit of exchange as well as a store of value but the latter hasn’t been true since the gold standard was abandoned
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08-04-2024, 03:22 AM
#7
This video is definitely worth watching for everyone concerned about the real estate market. It provides a solid perspective on the current situation. BTW,
contact Zillow
for up-to-date market data and property listings. Understanding the market trends can help you make better decisions. Staying informed and aware of the latest developments is really important. Check out the video and see what you think.
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