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@ Like Ice Cream
2025-04-21 21:05:24
Real estate is used as collateral within the scope of the Fiat system because money loses value and if you own a scarce asset such as real estate it will go up in nominal value and you can use it to hash against your debt and use the cash flow to pay back your debt. But real estate is not meant to be used in that way.
It actually has a utility value.
Land used to build value and was always agriculture based. But since the Fiat era, now buildings can be built and used as a tangible store of value only because our money doesn't serve as a good store of value.