The reality of a 50 year mortgage is disgusting.

30 years to obtain just 25% equity in your home is absurd.

You’ll be sacrificing your most productive years from ~25-55 just to own your living room, all whilst the Government takes half your income and redistributes it to their friends and pets who ensure they stay in power and your QoL continues going down.

#Bitcoin adoption might seem slow but young people are going to see through the real estate ponzi and opt out of being liquidity for Boomers when they understand just how screwed they are locking in to this system.

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Just be honest and tell people it's a lifetime rental

50 years has got to be the last step before multi-generational mortgages. Effectively a lifetime rental just with nicer window dressing

Go all the way to 500 years already!

Its batshit insane, if I ever planned to return to Europe for real I'd be living in a sailboat again... Unheard amounts of freedom & cheap too if done right ;-)

Never really went along with the whole fiat project haha!

Its been hard and weird, but not going along is paying off these days :-)

You oversimplify. It all depends on the rate, the return you could get on that money if you didn’t put it in a house, and what you expect inflation to do.

The payments on the mortgage eventually go to the same price of a sandwich and a coke while you were holding bitcoin the whole time.