100% agree and hope to see things move in this direction for the next generation. If it does happen, a lot of people will feel pain when the housing market turns deflationary.
Discussion
I’ve been seriously considering selling my place and putting it into bitcoin and just renting.
These are the reasons I don’t do this:
1. Family / Community
My family is part of a community that we love. Many years down the road, I want my grandkids to have experiences that home ownership provides.
2. Renting
There is a fixed cost that will always go up. The owner will need to make money on the property.
3. Cost of Switch
The switch would cost $30-60 grand with fees, moving expenses and purchase new furniture.
4. Market Timing
What if the market turns just after the switch and a large percentage is lost of the lump sum made from the house sell.
5. Re-entering Housing Market
Later, I’d want to buy a house and my money would be tied up in btc. I wouldn’t want to sell it and take the capital gains hit. Any btc I hold in savings, I want to keep until countries have better tax regulation.
For me, I’m more comfortable with the DCA and milking the low mortgage interest rates.
Everyone’s situation is different though.