-- Avoid tying up capital in illiquid plans. One exception is housing since ‘land on Holy Terra’ still seems quite valuable in many scenarios.
My current take on land/housing:
1. The value of your house may depreciate very quickly as materials and labor become cheap due to automation. 2. Residential land gets almost all of its value from the infrastructure built around it and being near a city where people have jobs to get to. If there are large migrations, the land your house is on may lose most of its value even though land in general should go up as a hard asset.
My current take on land/housing:
1. The value of your house may depreciate very quickly as materials and labor become cheap due to automation.
2. Residential land gets almost all of its value from the infrastructure built around it and being near a city where people have jobs to get to. If there are large migrations, the land your house is on may lose most of its value even though land in general should go up as a hard asset.
I wrote more about it here.