The previous post on real estate has plenty responding "yea what about the leverage of real estate?"

Here is my real use case. I owned an investment property in Footscray from 2016 to 2024.

My deposit was $150,000, and purchase $690,000.

Stamp duty = $32,000, so owned us $722,000.

Sold in 2024 for $830,000. (Agent commission was $14,000. These slugs are the only ones making money in real estate for doing fuck all. House sold before they touched it.)

In those years, the maintenance, the agent fees, interest, rental loss, commission to agent etc even after the rental income, we walked away with $30,000 profit.

$150k levered to gain $30,000 or 20% in 8 years.

Factor inflation and we lost money.

In 2016, 10x less capital with 0 leverage of $15,000 buys you 6.25 Bitcoin today worth almost $1mil.

The full deposit buys you 93 Bitcoin, today worth $14 million or 14 Australian properties with 0 debt.

The case is over for the property ponzi scheme.

Your numbers on a calculator are one thing. I live and breathed as a landlord for 8 years. Wasn't paid rent. Tents fucked the home. Tax and rates every year.