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RE: Cash purchases of homes on the rise

in LeoFinance3 years ago

A good youtuber I follow (Alessio Rastani) says that we are possible headed towards deflation. He does not dare to predict if it is a bubble that is going to pop soon, but he supports the idea that eventually prices will drop as cash rises in value, so less cash can buy more things (including gold and real estate, both would drop in price)

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That makes a lot of sense. I don't know a ton about it beyond what I have been told, but I think something is going to happen eventually and it likely will not be very good.

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I don't know either, that is why I try to stay liquid, to avoid risks and increase opportunities. I don't know the side effects of deflation, but I know it is not all sunshine and rainbows, as governments try to aim for an around 3% annual inflation for a healthy economy, but again, this has not worked very well, capitalism suffers from huge crashes every 10 years or less, regardless of inflation, so will be interesting to see a deflation crisis, how that would play out, and if it would be good for the people (it may be terrible for businesses, but I am a person, not a company, so I am biased)

I don't do a very good job of keeping my crypto liquid. I tend to stake it and then I am kicking myself when an opportunity comes that I could have taken advantage of.

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I know that feeling, I have spend some Ethereum and fees are high, so when using Ethereum lending I am stuck, it is not worth it withdrawing because the network fees are so high, I will probably only be able to withdraw when/if ETH 2.0 roll out and fees go down (as most expect)

Yeah, I think ETH 2.0 is going to change the game a lot. I hope so anyway. I have avoided ETH for the very reason you mention here.

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