"we all" in this case refers to the top single-digit percent of holders [1]. It's no small feat to get consensus there! But it's also not very decentralized/democratized and sounds a lot like our existing financial (or societal) systems.
I was locked out of my account for 3.5 years before they worked through the queue far enough to get to me. I stopped using Coinbase long before then though.
Hyperbole doesn't help here. Legalizing four-plexes in your neighborhood will almost never knock a million dollars off your home's value. I bet it'd be hard to find many examples of upzoning causing SFHs to drop significantly in price anywhere.
That wasn't what I was referring to. Net worth is (assets - debts), so the money for a down payment is largely the only part of a house that contributes to net worth at purchase time.
In other words, your down payment should be less than 30% of your net worth. Still hard to do in many places.
Totally. I'm deliberate and happy with the the bubble I've created. It's actually quite diverse in terms of authenticated sources-- the anonymous content is what's heavily filtered.
> It certainly will be better to know of something happening, even if in brief terms, than to be completely in the dark of it.
I don't think so. It's impossible to hear about everything and I feel whatever is newsworthy enough to hit the sources I read is important enough for me.
I completely agree. But it's hard, since "politics" is broad and almost everything touches it in some way.
The main way I've tried to achieve this is by largely limiting what I read to:
1. Authenticated contributors, either people I know personally or hired by companies I trust (e.g. NYT).
2. Anonymous contributors with heavy moderation and filtration (e.g. Twitter, but with O(100) muted words and accounts. My feed is basically just art now and it's delightful).
Again, that's hard to do. I'm still on here for instance.
As long as you don't put more than ~30% of your money into a single asset (e.g. a house), then you're pretty certain to always make money in the long-term.
(I'd argue that highest asking price would be a better comparison, since the seller might have dropped the price. But still useful.)
[1] https://www.redfin.com/city/19457/CA/Sunnyvale/housing-marke...