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AdminsBurnInAFire t1_j2ej85m wrote

Reply to comment by SoylentRox in OpenAI might have shot themselves in the foot with ChatGPT by Kaarssteun

No, the digital elite all have their possessions secured with a purchase, often multiple purchases, because they’re not foolish.

What you do not own, can always be taken from you. You don’t need to worry (too much) about your software being taken from you but you do need to worry about your house being taken from you. The only argument for renting that can be taken seriously is convenience and security always trumps convenience. The same thing for stocks, if Wall Street fucks up one day and says your stocks are worth nothing, what can you do? Meanwhile if the bank comes for your house, you have a bill of ownership protecting your rights.

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SoylentRox t1_j2ek52w wrote

>What you do not own, can always be taken from you. You don’t need to worry (too much) about your software being taken from you but you do need to worry about your house being taken from you.

This is not a problem if you have money. Just go rent something else. Also if your landlord decides to go through the eviction procedure, there is no ASSET for you to lose.

If you own a house, and a judge decides to order it seized in a civil action (like a divorce or lawsuit), or your corrupt HOA makes up some fines of arbitrary scale and then sues you and seizes it if you can't pay, you lose the EQUITY.

I'd rather have all my assets in stock, and borrow against it if I have a need for money fast when the market is low.

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