Matt is correct.

I've made a living constructing and investing in residential and commercial real estate. The investment thesis is eroding due to Regulation, Taxation and Inflation.

Governments are and will continue to price fix through rent controls and manipulated cost of capital. Property owners are easy taxation targets and developing new product is becoming a regulation nightmare.

As operational and compliance costs soar, most real estate investors are becoming glorified middle managers.

It's never been more obvious that Bitcoin provides a superior 'Store of Value' function which has the potential to drain real estate of it's monetary premium and return it to a more affordable utility value.

Many more will come to this conclusion through time and pain.

In the meantime, I'll be humbly, yet vehemently, defending my Family, my Ranch and my Sats.