this post was submitted on 06 Mar 2025
1465 points (97.2% liked)
Technology
64937 readers
4210 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And why should I be confident that any of that is going to survive the next 4 years?
I'm not afraid of risk. I just spent the last month watching a couple of the world's worst narcissists disassemble my government with ease so that they could loot us for every penny they can steal. They're trying to kill every agency that benefits the public, including the one where I get my healthcare. These men are unfit to manage a fast food joint, but now they've got the planet's #1 nuclear power by the throat. I weighed the probabilities and the penalties, then made my decision. I'd rather have the money now. I no longer expect to grow old.
Why should I be confident that our recent economy will survive? I pulled my money out before they could collapse the entire house of cards. I'm now in the process of buying remote land with a house on it. I plan to put up a few greenhouses and raise chickens and goats. I'll provide shelter to persecuted people in need. Try to live solarpunk while we can.
Not saying you should. The fact remains, though, you're already investing it in real estate in an all-eggs-in-one-basket situation, inflation & property taxes are real, and insurance costs. Real estate still has some risk compared to low-risk assets that appreciate: do you remember any recent real estate crashes?
Investment accounts are generally insured (against things going missing) up to high limits, and you can split them up to fit in those limits.
If it all goes to shit, practically none of it will be worth much anyway. If armageddon doesn't come to pass, you'll be stuck with some property, livestock, crops, so not all bad.
Yep, seems the safer gamble to me. At least I'll be happier than renting.