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.
Published at
2024-07-21 18:20:14Event JSON
{
"id": "6f7287e53d57cb4e8f95a321ea95fe5f07a46267451e8665dc7e97288a3a7220",
"pubkey": "a289eef39d5f16a155fb79dec97fdad3fc894be59523560108b6f81dc8561907",
"created_at": 1721578814,
"kind": 1,
"tags": [
[
"t",
"inflation"
]
],
"content": "One of the biggest issues for most people under ~40, is house price #inflation which has occurred over the past 10-15 years.\nRight now, unless you are homeless sort of poor, amounts of money like $50k do very little.\nYou can buy a new car, a boat, maybe a nice holiday.\nBut a house, forget about it.\nAnd 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.\nYou want to raise a family, you will struggle, and the system is made that way.",
"sig": "0af7d1e645911b124f4302ac0232a3b7f80da9ea13dd597473d1046d4f3b23b60fc2c6a41f98811ac9540ba0d99aeedc320554f79d0e3bd339c4ad7c353f9483"
}