0 sats \ 0 replies \ @orthzar 19 Dec 2023
I don't know what to make of this article. On the one hand, it's good that it discusses the decline in home prices.
On the other hand, the article parrots the government's lie that homes are a means to wealth. Homes are a consumer good, which you cannot earn a profit from unless you bought low and sell high. But why would you sell your "forever home"?
Worse, the article doesn't even bother to mention Bitcoin as a hedge against the wealth-destructive effects of the boom-bust cycle. A $10k down payment is far better spent buying BTC, because that on average doubles annually. But when you get evicted because you lost your job and can't pay your mortgage payments, you lose all the money you poured into that home.
It is baffling that TFTC would publish such an article. Did they not vett the writer before hiring him/her?
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0 sats \ 0 replies \ @02dc6a50c1 18 Dec 2023
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