I don't really see putting your money in an index fund as "gambling" more than buying investment properties Individual stock picking absolutely is gambling though
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Replying to @arthur_affect
PROPERTY IS REAL YOU CAN PUT YOUR FOOT ON IT. STOCKS ARENT REAL ARTHUR
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Replying to @thelindsayellis
Just because you can put your foot in a house doesn't mean its value can't rapidly dwindle to nothing for reasons you don't understand or control
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Replying to @arthur_affect
yeah idgi. a house is equity you can use you can use for stuff like, idk, shelter. you can't use stocks for literally anything. stocks aren't real.
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Replying to @thelindsayellis @arthur_affect
But to keep the home value high you have to do all those anti-social things you typically complain about.
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Even if your house is worth zero made up market value, it's still a house. It provides shelter and storage and all sorts of other magical house things. Stocks do less than none of that.
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Replying to @IMGibbon @sturmovikdragon and
There are plenty of things that can happen that devalue that aswell. Whether we're talking the building burning down, ground polution, bombing or any of a number of other things. They're no more or less real than what can go wrong with a company or its stocks.
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Replying to @danjal87 @sturmovikdragon and
Are you just ignoring the fact that a physical building or plot of land still holds non-monetary value regardless of whatever made up money number is attached to it? "Oh but the house could burn down! It's the same as this number on the graph!" Yeah okay
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If I theoretically offered you a totally random house somewhere in the country for $0, sight unseen, no strings attached, it would be a very bad idea for you to take the deal
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Replying to @arthur_affect @IMGibbon and
Because I would probably be doing it to get rid of the house and save money, because a really bad house is a massive legal liability, a white elephant Houses *cost money* in terms of property tax and required upkeep (without which they can be condemned and the owner fined)
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And how much value "a place to live" has is completely dependent on the three Ls of real estate (location, location, location) Sure, taking my deal might mean you no longer have to pay rent But if the house is someplace you can't get a job, it probably leaves you way worse off
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Assuming a functioning government, true freedom is a property and enough tax free income to pay the property tax. A house in a poor location might have low value, but also has low taxes. A minimalist lifestyle is not for everyone, but it is an option.
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