jimbocoin on Nostr: Yes! Houses are absolutely consumables. It’s not that they appreciate. It’s that ...
Yes! Houses are absolutely consumables. It’s not that they appreciate. It’s that they depreciate the slowest relative to fiat (compared to other consumables).
Rough hierarchy of retail consumables’ ability to store value from most to least:
* Real estate
* Automobiles
* Large appliances
* Furniture
* Small appliances
* Home goods
* Clothing
* Non-perishable food
* Perishable food
The extra boost that the higher end items gets has to do with upkeep. The people living in the house pay to maintain the property. The people driving the cars pay to keep them running, etc.
Published at
2025-02-07 18:19:07Event JSON
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"content": "Yes! Houses are absolutely consumables. It’s not that they appreciate. It’s that they depreciate the slowest relative to fiat (compared to other consumables).\n\nRough hierarchy of retail consumables’ ability to store value from most to least:\n\n* Real estate\n* Automobiles\n* Large appliances\n* Furniture\n* Small appliances\n* Home goods\n* Clothing\n* Non-perishable food\n* Perishable food\n\nThe extra boost that the higher end items gets has to do with upkeep. The people living in the house pay to maintain the property. The people driving the cars pay to keep them running, etc.",
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