ByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agoBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineimagemessage-square205linkfedilinkarrow-up11.45Karrow-down111
arrow-up11.44Karrow-down1imageBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agomessage-square205linkfedilink
minus-squareBuelldozer@lemmy.todaylinkfedilinkarrow-up3arrow-down6·2 days agoYachts and mansions are depreciating assets. You aren’t borrowing against those and then passing them along as an inheritance.
minus-squareWoodScientist@lemmy.worldlinkfedilinkarrow-up16·2 days agoThe yacht, sure. The mansion…Are you seriously trying to argue that real estate, literal land, isn’t a long-term valuable asset? There is literally no asset in existence with a better long-term value proposition than land.
minus-squareJasonDJ@lemmy.ziplinkfedilinkarrow-up1·2 days agoMy grandpa used to say to buy land because they ain’t making any more of it. Clearly he’s never been to a major coastal city.
Yachts and mansions are depreciating assets. You aren’t borrowing against those and then passing them along as an inheritance.
The yacht, sure. The mansion…Are you seriously trying to argue that real estate, literal land, isn’t a long-term valuable asset? There is literally no asset in existence with a better long-term value proposition than land.
My grandpa used to say to buy land because they ain’t making any more of it.
Clearly he’s never been to a major coastal city.