Whilst I agree that owning an actual house in a city is a waste of money, owning productive land on a smallholding is a way better option. We also run free-range goats, ducks, chickens, rabbits, pigs and two jersey cows on our 10 acre plot in Hogsback. Thus we provide almost all our own food requirements, plus we have our own stream water and are busy setting up a Trompe and Tesla Turbine for our power. We couldn't do all this on rented land, and I wouldn't be as incentivised to do so anyway.
Personally I'm of the belief that Trump will bankrupt the US in the next few years - kinda hard not to when their debt is running at over $21-trn and govt's largest asset is their student debt. Trump will default on pension fund bondholders and probably issue them with some state pension as recompense. Just like the 30's gold confiscation and great depression all over again. He's not going to default on the Chinese, Japanese, the Fed or other state dept's that own most of the other US bonds. So we're going to have millions of poor pensioners running around on state benefits, or some state-issued crypto pension. Not a pretty picture, and the global financial world will have a complete heart-attack.
So owning bricks and mortar, and stuff that will hold its value, as inflation goes through the roof, and stocks collapse, is going to be valuable. Just a thought.
