in this light you dont see them as malinvestment, you see them as a means of getting around . . . what exactly? i guess a second consideration is that deposits get shit interest for varying reasons so yeah use real estate as a store of value, you can expect a good return
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i dont think its crazy, there are stranger forms of money around the world prisoners used to use packs of cigarettes, now cans of mackerel are used the curious case of Yap stones china joins their ranks with giant empty apartments as a store of value if not money per se
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although even there apparently evergrande is trying to pay some debts not with yuan but with apartments so im not sure that its even crazy to call them money proper maybe not quite a unit of value but something close to the extent its near standardized
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Thought you meant Connecticut for a second and thought, “well I guess it does seem haunted so ok ghost cities makes sense”
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"You're a loose canon eigenrobot, but you get results. Now get outta here before I change my mind. You can keep the sandwich"pic.twitter.com/Iy1HOA95r3
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Yes, as the "store of value" that is colloquially known as "money laundering schemes."
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What's so special about that? Have you not heard of a HELOC or a reverse mortgage?
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