Zephyr on Nostr: One of the biggest issues for most people under ~40, is house price #inflation which ...
One of the biggest issues for most people under ~40, is house price #inflation which has occurred over the past 10-15 years.
Right now, unless you are homeless sort of poor, amounts of money like $50k do very little.
You can buy a new car, a boat, maybe a nice holiday.
But a house, forget about it.
And even if you put that $50k into bitcoin, at best its value will x2 maybe x3 over the next few years (but even that I see as unlikely). Then maybe you have enough for a deposit on your million dollar 2 bedroom apartment in a poor part of town of your average city.
You want to raise a family, you will struggle, and the system is made that way.
Right now, unless you are homeless sort of poor, amounts of money like $50k do very little.
You can buy a new car, a boat, maybe a nice holiday.
But a house, forget about it.
And even if you put that $50k into bitcoin, at best its value will x2 maybe x3 over the next few years (but even that I see as unlikely). Then maybe you have enough for a deposit on your million dollar 2 bedroom apartment in a poor part of town of your average city.
You want to raise a family, you will struggle, and the system is made that way.