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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

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.

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Discussion

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