Here's an interesting thought:
You can never truly own Real Estate.
At best you end up in a 3 way multi-sig with a bank & local govnmt... and they can, at any time, take it or change the rules on you with their 2 of 3 signatures... regardless of what YOU want. Think about that the next time you want to sell BTC to buy a house✌️
Your thoughts?
#BTC #Nostr #Plebs
It depends on where you are. In the US there’s property tax that if you don’t pay eventually they can take your property (even if you own it out right) but there are certain countries that allow you to own the land you build on and there isn’t a property tax.
I think it’s annoying when people tell others what not to do with their bitcoin. You can be wise with it, Hodl, and also have things that create a nice standard of living for yourselves… it takes research, patience, and lack of fear.
”They can take it” but what they are going to do with all the apartments and houses that only produce expenses and deteriorate faster after taken over. Proof of Work is required for the houses as well. Even bitcoiners need a place to live in.
Sell it at auction for pennies on the dollar ASAP so they can get the couple thousand the property tax was. Next delinquent tax auction for my county is November 4th. Looks like they have one a year. You get 120 day grace period to be extorted late so once a year in November makes sense.
