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A comment on The biggest crypto lending company is a ponzi scheme. Parent comment

Re:The biggest crypto lending company is a ponzi scheme by onlyrealcuzzo on Thursday December 09, 2021 @10:21AM (#29498307)
No - when you buy a house - you also are "buying a title". That's not why people buy houses or cars. They buy them to use & own them.

Maybe Ultra High Net Worth Individuals who collect cars and $10M lakefront mansions across the world don't buy cars and houses to "use" them. But >99% of cars and houses are bought for use - not for a piece of paper to prove ownership.

Sure - the people buying $1M NFTs are probably Ultra High Net Worth Individuals (or complete frauds - maybe both?). But the majority of NFTs are not $1M - and the majority of people buying them are not Ultra High Net Worth Individuals.

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Re:The biggest crypto lending company is a ponzi scheme by pjc50 on Thursday December 09, 2021 @10:30AM (#29498429)
People definitely buy real estate for the resale value.
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Re:The biggest crypto lending company is a ponzi scheme by NoGravitas on Thursday December 09, 2021 @10:47AM (#29498715)
Right, but the use value (both for primary homeowners and for, Allah forgive me for using this word, landlords) stands as a backstop to the resale value of real estate.
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