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Real estate isn’t a shitcoin yet.

I’m very sorry, but if you think this you probably don’t own any or you have no yield from the property you own. Yes, real estate will trend to cost and I do not advise staying in real estate for the rest of your life because you will lose close to all of the money you stuck into it. Also, don’t put any money into real estate to store your wealth, we have Bitcoin for that.

Bitcoin is the most fantastic discovery, yes. Bitcoin will survive where every other asset class will die, yes. But there is no yield in Bitcoin that is denominated in Bitcoin without scamming people, so stop fantasizing about that. All we have is number go up and the only way to enjoy that is to exchange your Bitcoin for the luxury it buys.

You don't buy real estate when it's expensive, those who do are working another job to pay that housing bill. Apart from being able to buy low so there is a net result in rent, this yield is not influenced by the housing market. So after acquiring and fixing it up; the value of the property may go up or down, but the rent never goes down. It makes no sense to sell the property to buy Bitcoin with it. Simply stack with the collected rent. So, real estate isn’t a shitcoin yet, timing matters. The question is, when will real estate become a shitcoin? I think it will gradually turn into a shitcoin over the next 10 years, what do you think?

Humble Bitcoiner 2y ago

Agreed. The only thing is that majority of people don’t have a second property to rent out. They buy an expensive house, max out their mortgage and then say “my house is my investment”.

That’s just bullshit the fiat system taught everybody because the money is broken.

I have plenty of friends who have mortgages of almost their entire salary and then saying it’s their investment. Just a lie you tell yourself to feel good about it. I wonder what happens if real estate falls in price and all those people have mortgages of double the price at that moment.

Again this is only my opinion on you own house you living in. Not if you rent out some extra

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Discussion

Lau 2y ago

Buying a house is the most irrational and expensive payment most people make. But it can be done so that it is profitable. You just need to leave your emotions behind and be patient. Luckily we now have bitcoin and people don't need to make this decision, but those who still invest in real estate now are just fooling themselves.

Aurelius 2y ago

I used to buy buildings.

Now I just look at them with an admiring eye and think, “I’d rather have #bitcoin.”

This is demonetization of real estate, and this is the reason that Bitcoin will make houses more affordable for people that need them.

jamw 2y ago

Most people buy a house to fulfil a basic need - shelter. The UK market however has been mental and many have experienced a 400% uptick over last generation. This has made it a shitcoin because it then fuels greed and inflation while also removing availability for those who actually need shelter over any kind of profit. Big mess. Should be seen as a home - a basic right - and not an investment.

El Tio 2y ago

I think it might have something to do with where you live as well.

Here in Argentina a house where you can have your family it’s about 150.000 USD. And a rent of the very same house is about 150.000 pesos a month (389 USD).

If you spend 150.000 USD in a house you have to pay taxes every month, and pay one time a year another tax called “bienes personales”. You might even be elected to pay “renta presunta” that we don’t know even what it is.

So, you put 150.000 USD in a loan that only pays you the inflation (around 8%). That’s about 1000 USD per month. You rent the house and keep the other 600 USD to live. There is no logic reason to buy property in Argentina. And I’m not even counting the risks of the state robbing you that property in the name of the poor