Real estate is stationary, difficult to convert to cash quickly, and involves unpredictable risks. Despite its substantial returns in fiat denominated terms, real estate is
not the optimal method for true capital preservation.
#realestate #bitcoin #scam #tenants #illiquid #returnsarefake
You must live somewhere
A man should own his castle
To raise his family
#haiku
I like a good random haiku when its relevant. Ty
🧡👊🏻🍻
So I agree BUT if renting is MUCH CHEAPER and more secure than owning a house… Where I live they’ve just passed a law that a certain race can take your house away with no compensation.. How is that a good investment? So they take it and you liable for the mortgage…
There is risk in everything. If I were younger I’d just be stacking sats. Probably renting.
Real estate requires upkeep yes. But when you start a family you cant bounce around like you think.
Owning your castle provides stability and pride of ownership.
Buy smart. And live with pride. Pride of ownership and pride of self. With those qualities you will be king of your castle and your wife and children will love and respect you for that.
Some things are worth more than sats.
The choice is always yours 🤙
Man I agree… but let me give you an example.. decent house where I live is $250 000
$50k down payment
$25k transfer fees or stamp duty
Interest rates 11-15% depending on the central banks mood..
So $3500 per month all in to “own” the house…
Renting the same house with no down payment and taxes which can be used to stack - Rental amount $1800 max.. so save the difference and by 2030-2035 the difference saved you can buy whatever you want and enjoy the perfect home..
Also the government just passed the bill that they can take your house away and not pay you because of apartheid 30+ years ago..
There is no playbook meant for everyone.
When it makes sense to own your castle. You will know 👊
Keep stacking and skate to where the puck is going.
I bought my place before Bitcoin existed so i have a more nuanced and biased take.
Yes, and you need to pay property tax.
And it can be confiscated.
Not an ideal store of value.
But still may be a good part of the portfolio.
Or owned a place to live.
If you have half a brain cell - renting is the way forward.
Make a deal with the landlord and be a good paying tenant and you can make it your own pretty easily and save the difference between rental and owning…
And if you wanna leave - the most you lose is your deposit… much better than 25% down payment and taxes
