Bitcoin may outperform a house in ROI, but a home wins on lifestyle stability and sovereignty. The real flex is owning a place you can afford and stacking sats….security in both the physical and digital world
Discussion
Don’t agree with this view. Your house is never really yours, it’s government’s property
Facts
Legally, your house is yours as long as you pay taxes and follow the law. The government can’t just take it without due process or fair compensation (5th Amendment). So while they can regulate it, you still own it and have rights to it.
Are you listening to yourself?
They can in fact take it away without due process with eminent domain and civil asset forfeiture, but that’s relatively tare.
‘Owning’ a home is really a perpetual lease.
If you have to keep paying yo keep it it’s not really yours. You own your shoes, your car, your bitcoin, but you don’t really own your property in the US.
Rare*
You’re not totally wrong…owning property in the U.S. isn’t absolute freedom. You do pay taxes, and yeah, things like eminent domain exist. But calling it a “perpetual lease” is kind of a stretch. With a house, you hold the title, you can sell it, rent it out, and borrow against it. That’s real ownership.
Sure, the government can step in, but they can’t just take your home without due process and compensation (5th Amendment). And civil asset forfeiture doesn’t even apply to personal homes in most cases.
Just like income is taxed but still yours, property is taxed but still yours. Bitcoin gives you financial sovereignty. Owning a home gives you stability and control over your space. Both matter.
Ok, perpetual lease with added perks
It makes sense at the right time and when you have a certain amount of wealth. It’s a hard sell if you’re young and building wealth given current environment where we have high rates and bitcoin as the opportunity cost
It comes down to priorities. I prioritize financial freedom over being able to say I own a home.
The opportunity cost of renting vs buying if you’re not already wealthy is not worth the stability gained imo. And we are not even getting into repairs and maintenance costs. Replacing an AC can cost you over $30k. We are not talking well built brick homes here either.
And you have floods, tornadoes, fires, etc. to worry about too.
I agree with it coming down to your priorities.
Sure, there are costs like maintenance and repairs, but over time, you’re building equity. Renting may seem cheaper short term, but you’re essentially paying someone else’s mortgage and not gaining anything long term. Plus, the security of having a fixed living cost, especially in inflationary times, outweighs the risk of natural disasters or maintenance costs for many. Because when and if disasters hit, in most cases people still rely on the government for aid and sheltering.
No offense, but you sound like a boomer.
People value things differently. With current interest rates, renting is indisputably a better financial decision, but I grant there are other reasons to own a home and for some people they outweigh the financial downsides.
Haha. I’m not a boomer bro. I was born in the early 80s.
Gen Xers also love their “home equity”
To each their own. Value is subjective after all
Totally fair... Some folks see home equity as a forced savings plan, others see it as dead capital. Depends on your goals, timeline, and how you view risk. I’m just saying for some people, especially with families, having that kind of stability plus long term upside matters. But yeah, to each their own.
ie the late 1900s
No offense taken, it’s a fair point. Everyone’s situation and values are different, and I totally get that. For some, flexibility and financial upside matter more; for others, stability and control over their living space carry more weight.
That said, it’s not always black and white. In some markets, owning still makes financial sense long-term, even with high rates…especially if you plan to stay put and can handle the upfront costs. But yeah, I respect that for a lot of people right now, renting might be the smarter move financially. Just depends what you’re optimizing for.