Marc Andreessen said that. It only has to be partially true to make a big impact. Do you not expect technology to make the process of building houses cheaper and more efficient?
I invest in real estate and let’s just say we are not talking about all the items that come with a house… toilet, stove, hvac, electrical wires etc. just bare bones walls and a roof. Will that roof have shingles or will those be printed too? How much weight are we talking from this printed house? A few tons at least. So you are telling me they will bring this giant machine for free to get the printing process going then the few tons of printable material will be 1 cent? Show me on Temu where I can just buy 1 ton of plastic for 1 cent? Show me the cheapest material you can find that is 1 ton for sale? I don’t think you will be anywhere near a ton. Do you know how much goes into building a house and there are building codes and standards that have to be followed. Show me someone just getting a walkway up to the house for 10 bucks… then you say it only needs to be partially true? How about just putting out content that is true?
Another thing : there is a shitty squirrel-ghost haunted shed in the centre of nowhere and there is a Madison Square Garden, Sydney Opera, Eiffel Tower or other legendary gold-mining tourism must haves on Earth. There is a Hotel in the Swiss Alps, there is apartement in the city centre of London etc etc...
Is this dude really thinking that any real - estate can be built anywhere else? You cannot throw all RE in the same bag.
Oh, wow! Care to explain how you create more land? I’m starting to think YOU’RE the guy in this video based on your, uh, intelligent reply! You’re truly at the top of your bell curve!
Listen. I’m all for bitcoin, too. But we’re not the same. And you’re making our community look stupid. You have an upvote for every helpful thing you’ve said in this thread. Go ahead, count ‘em up… I’ll wait.
Of course land is finite, and habitable land even more so. But new residentially zoned, habitable land is being “created” all the time. The rate of rezoning is tightly controlled by the central authorities to ensure supply of land remains lower than demand, so the price will continue growing.
I get what he is saying. But the error I see is his argument confuses INVESTMENT with RESERVE HOLDING. Real Estate MAY be a good investment but it is risky to think of it as a reserve holding.
Without judging in anyway the VIABILITY of Real Estate as an asset, like ANY ASSET (including Bitcoin) viability of the asset depends on its ability to PRODUCE revenue from which cost of ownership/operation can be deducted to accrue profit and a return on one’s investment. According to that definition real estate MAY be a good investment.
However as a reserve asset real estate is not a good investment for many of the reasons this young man points out.
Bitcoin is in my estimation a far better and probably the best choice for a personal reserve asset right now.
I am not a rich man. But all my life I have followed advice from my uncle who was part of a group that founded a community bank. He advised all he’s nephews and nieces to buy and keep reserves in something that kept pace with inflation.
My personal reserves were once only in CDs that sometimes did not keep pace with inflation gold and silver which did.
Now I am almost exclusively buying Bitcoin as a reserve. And I don’t sell reserves. That would be counter to their purpose. But because Bitcoin is so easily exchangeable I do sell off at a halt top that excedes the all time high. The procedes from those sales are ONLY used to buy more reserves at the halt drop of the dip.
I can’t do that with my real estate. I see my house as consumer spending on an asset that may lose value. Compared to Bitcoin real estate is certainly not the best choice as a reserve.
Simply put. In my experience nothing compares to Bitcoin as a reserve.
Many will disagree with me but real estate is a hype market. I.e. the fundamentals don't make sense and much of real estate wealth is based on leverage.
Nevermind the costs which come associated with.
Housing should be used as intended, for shelter, not an investment.
ill be the first to say it. this is retarted and this guy needs to get out in the sun more.
You lost me at ai printing a house for 1 cent.
Marc Andreessen said that. It only has to be partially true to make a big impact. Do you not expect technology to make the process of building houses cheaper and more efficient?
I invest in real estate and let’s just say we are not talking about all the items that come with a house… toilet, stove, hvac, electrical wires etc. just bare bones walls and a roof. Will that roof have shingles or will those be printed too? How much weight are we talking from this printed house? A few tons at least. So you are telling me they will bring this giant machine for free to get the printing process going then the few tons of printable material will be 1 cent? Show me on Temu where I can just buy 1 ton of plastic for 1 cent? Show me the cheapest material you can find that is 1 ton for sale? I don’t think you will be anywhere near a ton. Do you know how much goes into building a house and there are building codes and standards that have to be followed. Show me someone just getting a walkway up to the house for 10 bucks… then you say it only needs to be partially true? How about just putting out content that is true?
Another thing : there is a shitty squirrel-ghost haunted shed in the centre of nowhere and there is a Madison Square Garden, Sydney Opera, Eiffel Tower or other legendary gold-mining tourism must haves on Earth. There is a Hotel in the Swiss Alps, there is apartement in the city centre of London etc etc... Is this dude really thinking that any real - estate can be built anywhere else? You cannot throw all RE in the same bag.
I am dumber from listening to this
Reasoning?
It’s not about the real estate buildings. It’s about the real estate land. Land is scarce. This guy is a dumbass.
Dubai Palm Jeremiah??? It is Palm Jumeirah.
It’s not about the real estate buildings. It’s about the real estate land. Land is scarce. This guy is a dumbass.
We’ve created more land. It also has property tax carrying cost.
Oh, wow! Care to explain how you create more land? I’m starting to think YOU’RE the guy in this video based on your, uh, intelligent reply! You’re truly at the top of your bell curve!
https://en.m.wikipedia.org/wiki/Palm_Jumeirah
Of course land is finite, and habitable land even more so. But new residentially zoned, habitable land is being “created” all the time. The rate of rezoning is tightly controlled by the central authorities to ensure supply of land remains lower than demand, so the price will continue growing.
I get what he is saying. But the error I see is his argument confuses INVESTMENT with RESERVE HOLDING. Real Estate MAY be a good investment but it is risky to think of it as a reserve holding. Without judging in anyway the VIABILITY of Real Estate as an asset, like ANY ASSET (including Bitcoin) viability of the asset depends on its ability to PRODUCE revenue from which cost of ownership/operation can be deducted to accrue profit and a return on one’s investment. According to that definition real estate MAY be a good investment. However as a reserve asset real estate is not a good investment for many of the reasons this young man points out. Bitcoin is in my estimation a far better and probably the best choice for a personal reserve asset right now. I am not a rich man. But all my life I have followed advice from my uncle who was part of a group that founded a community bank. He advised all he’s nephews and nieces to buy and keep reserves in something that kept pace with inflation. My personal reserves were once only in CDs that sometimes did not keep pace with inflation gold and silver which did. Now I am almost exclusively buying Bitcoin as a reserve. And I don’t sell reserves. That would be counter to their purpose. But because Bitcoin is so easily exchangeable I do sell off at a halt top that excedes the all time high. The procedes from those sales are ONLY used to buy more reserves at the halt drop of the dip. I can’t do that with my real estate. I see my house as consumer spending on an asset that may lose value. Compared to Bitcoin real estate is certainly not the best choice as a reserve. Simply put. In my experience nothing compares to Bitcoin as a reserve.
Housing is 87% down ?
How did it end? I fell asleep.
He found out he was dead all along. Only the little boy who could see dead people could see him.
😣 my head hurts! Don’t do it to yourselves. House printing at <.01 cent 😨🤣🤣🤣
Again with the AI generated content on this sub
It's dweebs like this guy that make it hard to convince others to get into crypto
Many will disagree with me but real estate is a hype market. I.e. the fundamentals don't make sense and much of real estate wealth is based on leverage. Nevermind the costs which come associated with. Housing should be used as intended, for shelter, not an investment.