Re:Canada’s Real Estate Market Is a Giant Pyramid Scheme
by RC_ITR on Tuesday February 22, 2022 @06:39PM
(#30435440)
Conviction is literally 'firmly holding a belief or opinion.' If you firmly believe that currency is collapsing and your response is to buy a home, then you're leaving a bunch of money on the table and potentially not profiting from that at all.
If you think that interest rates are low and housing has a lot of reasons to inflate going forward, then I think we agree you're acting rationally, but that has almost nothing to do with 'currency collapse.'
If you think that interest rates are low and housing has a lot of reasons to inflate going forward, then I think we agree you're acting rationally, but that has almost nothing to do with 'currency collapse.'