Real estate investors: "The rental house I paid $250k for is worth $750k. 200% return, plus rent baby!"
Reality: $168k interest, $62k in property taxes, $38k for insurance, $125k for maintenance/condo fees, countless hours of headaches. etc.
Just buy Bitcoin, folks.
I have some doubts about these numbers but yes, Bitcoin plz
Real estate was the best thing before bitcoin because of: cash flow, tax deductions, and control of the physical asset. Appreciation was just the icing on the cake. But forget all that now that you have a 50% cagr with Bitcoin.
You'll have nothing left
After all the maintenance
And taxes to boot
#haiku
