What about taxes? What about upkeep? What about tenant damages? What about confiscation? Nonpayment?
I agree it can be (depending on the jurisdiction) if you do this work on all these (and more) risks, but there is no “buy it and forget it” savings asset quite like bitcoin.
I'd imagine there are a lot of AirBnB owners right now wishing they bought Bitcoin instead
what if anything that is "buy it and forget it" inherently a bubble ?
Anything is a bubble with a long enough (or short enough time scale)
Housing was a bubble in 2008. Bitcoin was a bubble in 2013, 2017, and 2021. What matters is do you believe in the long term thesis.
I happen to currently believe in the long term thesis of housing (in my jurisdiction) and bitcoin (and many other things) when measured against fiat. Bitcoin might disrupt those other things, but it is the measuring stick for now… poor one though it may be.
Bitcoin might disrupt though things, but fiat* is the measuring stick for now…
