watching old friends, who own a little #Bitcoin already, aspire to get into real estate & house flipping as a sort of get rich slow scheme is so sad man but what can ya do
Discussion
At these mortgage rates?! RIP
Diversifying into RE has a limited appeal if you’re trying to hedge the total unrest we anticipate in the hyperbitcoinized future
To be clear, I see it as a very minor “if I’m completely wrong” play
large unrest means no internet and no bitcoin
at the level of unrest that there is no internet, I wouldn’t trust paper money, or even shiny rocks. It’s gonna be shit I can use in the next week or Bitcoin, if we can pull off the transaction
In contrast, one of my friend liquidated his Bausparvertrag (housing savings agreement) and bought #bitcoin