Don't Buy Dumb
There is a sucker born every minute.
On real estate, most humans remain emotional and childish during purchases. Their desire for status, perfect weather, a leisure activity, all become over emphasized.
Arizona has experienced amazing growth in recent decades with a sunbelt burst of baby boomers running away from their Gen-Z kids in the basement, spraying the walls of their informal sperm banks.
Funny thing is, and much like crypto, they didn’t do their homework. Buying real estate in a place without water is silly, buying where you need air conditioning to survive is folly, and combining these two into desertburbia is dipshittery. There is a sucker born every minute.
Keshig watched this with crypto. The concept of crypto is happening, but the revolution in quantum computing will eviscerate crypto of the current blockchain, if anything remains after a bunch of hipsters sold bullshit to suckers. (Read: Quantum Supremacy, Michio Kaku). Why buy into something when a quickly emerging tech is going to overtake it very soon?
Same on real estate. Key features are temperate, work and medical availability, an actual piece of land (not the “air” where the condo sits), water, safety, schools if you have urchins, and a perimeter wall. Own something that can be lived in a long time. Low taxes in a pro business area also key. Status is not a McMansion… real status is antifragility. Buying in the desert is great for golf, but dumb. Having the water shortage come as a surprise is dumber.
As I visit Keshig members, you can almost pick them out by their ranches. Usually about 10 acres, outside of town, temperate with water, low tax states, fenced, dogs, garden, exercise area, tools, not on the waters edge to avoid flooding… everything is practical, not pretty.
Do 20 push ups RFN, because you don’t buy dumb real estate to impress the country club coprolites. Keshig don’t buy stuff that appeals to the micropeen team. Keshig buy quality, sustainability, with humility.
We need to discuss Bitcoin