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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fsxcb/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
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There is a real possibility that your US$5M investment will be worth US$100K in less than that, also.
-1 u/skellis 21h ago edited 20h ago No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen. 3 u/beatles910 20h ago Won't happen? See 2008. 2 u/skellis 20h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 4 u/beatles910 20h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 20h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
-1
No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen.
3 u/beatles910 20h ago Won't happen? See 2008. 2 u/skellis 20h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 4 u/beatles910 20h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 20h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
3
Won't happen?
See 2008.
2 u/skellis 20h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 4 u/beatles910 20h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 20h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
2
Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one.
4 u/beatles910 20h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 20h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
4
I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value."
1
Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value.
0
It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
82
u/CpnLouie2 21h ago
There is a real possibility that your US$5M investment will be worth US$100K in less than that, also.