Re:Low interest rates in advanced countries have pushed mone...
by ozim on Wednesday November 24, 2021 @06:38PM
(#29336538)
That was my first reaction as well :)
Especially if any alternative is buying stocks ... everyone knows stocks is just another paper and real estate is ... real deal.
Not going into bitcoins as still for normal people it is not something they can grasp and for me it is pure ... how to say a pyramid scheme but less offensive... Stocks are pyramid scheme currently as much as bitcoin is. With P/E ratios waay over what is healthy it is just "there will suckers in the future that will pay more for that". If all goes to the ground real estate will still have at least some value even if people also use it in a way where "there will be suckers in the future that will pay more for that".
Especially if any alternative is buying stocks ... everyone knows stocks is just another paper and real estate is ... real deal.
Not going into bitcoins as still for normal people it is not something they can grasp and for me it is pure ... how to say a pyramid scheme but less offensive... Stocks are pyramid scheme currently as much as bitcoin is. With P/E ratios waay over what is healthy it is just "there will suckers in the future that will pay more for that". If all goes to the ground real estate will still have at least some value even if people also use it in a way where "there will be suckers in the future that will pay more for that".