They are pretty, and a lot prettier then cheap items fullfilling the actual purpose.
Real Estate is supposed to be filled with human live. Mansions are homes and hotels are guest rooms.
A luxurious Watch fullfills the owner when ever thinking of it with joy and pleasure, which is it's secondary purpose technically per idea already.
An empty luxurious Real Estate is quickly a liability that causes nightmares especially, if still having a loan on.
No Watch Enthusiast gets a loan for his next Bijoux. There is reason in that insanity.
I am under the impression that in many Luxurious Real Estate projects the estimated price is not covered by rent or profit or even market price....despite prettiness.
If a set of Real Estate Developers uses false evaluations to get Credit, that would be Credit fraud and I wonder where the money goes.
In the worst case the next Crypto correction gets out of hand, pulls down Stock Indexes along, Gold won't go up as much as anticipated and German Communities are all and for ever Bankrupt along with their Bitcoin ETF Banks which also gave out loans to Real Estate Owners that now call the Call Centre and write eMails explaining their need of Sub-Zero refinancing Credits or 100 years stretched extensions on the mortgage plan.
In the 90ies when a first Average Joe Stock Market boom was hitting some philosophers wrote about the Mega Crash coming one day in the future.
I can't tell...when....and if its this time.
#cyberpunkcoltoure
#thedarkmodernity
