investment real estate is a shitcoin
- can be rugged by local governments incredibly easily
- lack of liquidity, hard to buy or sell quickly
- overvalued due to decades of people trying to escape the losing purchasing power of their shitty money
- will trend to zero when priced in bitcoin
owning your own land is the exception - can still be rugged and will also lose value over time but can provide significant benefits for family security and well being
How about Liquid?
I’ve heard in most countries it’s not ownership but 99 year leases from the government for the land
Might be wrong but that’s only when as a foreigner you want to get some land in another country. They won’t sell it to you, they’ll lease it for 99 years.
Arguably, even in your residence country you don’t really own it. Stop paying taxes and the govt will find a way to take it from you. Bullshit world we living in
Very true. How many people that bought a home in the 60’s or 70’s have paid for it 30 times or more via inflation.
www.sellyourhomeforbitcoin.com
And have you seen the onchain transaction costs!
Shit man, reading my mind on every note.
i have mixed emotions about real estate, and I was once a somewhat successful realtor.
the most positive of ownership is emotional & experiential.
is having a place for family to enjoy, home and make memories together.
NYC mayor literally floating the idea of forcing residents to shelter the homeless and immigrants. Even primary residence in this country is a shitcoin, albeit a necessary one for many reasons including one’s you provided.
In real estate we are usufructuaries as long as the State does not allow them. A "private property" that depends on the permission of a third party.
In short, a Shitcoin.
#Bitcoin comes to change the rules of the game by giving us an absolute private property (if it is used well in a self-custodial way)
The “government’s right.”
https://nostrcheck.me/media/public/nostrcheck.me_8746835271623371331690644505.webp
100%
Priced in fiat
Property tax
Eminent Domain
Impossible to secure against attack
Public ownership record
Illiquid
Yes, also depends on your jurisdiction. If you live in the US, much less chance of being rugged on your real estate if you live in say New Hampshire, than if you live in California.
aka "it's bad except when I do it"
As we are finding out in my country now where they amended our constitution to allow expropriation without compensation for the “good of society” of course. Closer inspection reveals it’s not just immovable property it can be any asset that’s for the “greater good” #Bitcoin can fix this
Realtor here.
Primary residence- Not a scam
Investment properties- Stupid when you have bitcoin as an option.
This is a nice balance of the thought train.
💯
I have been thinking the same as well. Just harder to justify in a world were you can just buy Bitcoin. Too many attack points these days. Just need the minimum that will make you happy not more. #Bitcoin
Just see what Dan Held says and then do the opposite. Friggin’ Dan Held.
If you are on the opposite of Dan Held you are doing it right.
Wow, those are some insights in your face. Would it be different if there was very limited or no money printing?
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.
It's a shitcoin, but one of the least shitty shitcoins.
Land will also get repriced
#[1] all the things you say are true. And tax rates can increase at a whim and they will gladly just take your land/house from you if you can’t afford the taxes. I try to explain these things to normies and they look at me like I’m crazy. I also tell them that being a home owner just means you have slightly more rights than a renter. They don’t like that statement at all and end up getting pissed at me
Don’t get me wrong. Owning land can be very beneficial. But to ignore all of the risks associated with it is just naive. And having the majority of your wealth wrapped up in real estate makes people more vulnerable than they think.
instead of burning down all of the forests in Canada, you would think that they could use those trees to make boards to build homes and lower the prices. But we all know that's the last thing they want to do, lose their hedge against inflation.
Totally agree with you
makes perfect sense though
I agree RE is a shitcoin, and land is no exception; not only can it be rugged, but only local government gangs actually “owning” ALL land on this planet.
“Property tax” is really just a longterm or perpetual lease payment, and the ultimate Blue Check charge.
Easy to prove to yourself just by stopping those payments…
#gangsterment #PrisonPlanet
Don’t forget the rent you pay on your property when it comes to real estate. TAXES
I think real estate is never really owned. It is rented from the government. So, not decentralized and arguably a shitcoin.
But it has reasonable governance and you can apply force to it. Meaning there are rules and you can work to improve a property. I can’t make shares of apple stock better, but I can repaint an appartement building.
The key to real estate is have other pay off your hit coin , then flip it to a hard money
Investment real estate has become even more of a shitcoin in the UK recently due to increasingly onerous government legislation relating to the buy to let market here. Huge numbers of landlords are selling up as it is just not financially viable or worth the hassle any more.
A useful reminder that if you are relying on the government not to rug you of your investment assets, then you can never rely on this where the asset you are holding is at their mercy.
The only assets that you can rely on in any real sense are the things they cannot take from you.
Obviously Bitcoin held securely and privately tops this list.
I think the exception is not owning your own land, but owning your own homestead.
Txxiter is a shitcoin
what if you're using it to house opendimes and crack cocaine? asking for a friend 😅 🤙
Real estate is shitcoin! My parents bought an apartment in Kyiv in 2014 for $60k, now they cannot sell it even for$35k, because the war! None of us can be protect against government and their stupid decisions! #Bitcoin is a safe haven!
Yes. Any home outside of your primary residence is a shitcoin
Most real state investment is people getting loans from the bank which is printing money to get the property.
Yes. As anything that matches the rule: if the value of the asset is determinable, to the prevaling degree, by a action a of a certain willful entity, it is indeed that entity’s shitcoin.
haha, depends on the location, location, location.
Dan Held is a shitcoin. Or better - shithead.
The truth of this comment is heavily based on location. While true that there is no way to know how a government will act in the longterm, investment in land in a country that is receptive to your values and morals may be advisable. Its like having a stake in the development of that society.
I have my own eye on el salvador right now.
Also, the comment is very pessimistic. I still hope that there will be a societal change in the future, with a rejuvenation of libertarian principles . owning land and or a home in such a place may be a life saving measure for those escaping a bad situation.
