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I've been actively hunting for a piece of physical real estate as a family home

Currently extremely frustrated

I think the problem is simple: VALUE... I just don't see any value in any of the deals I am looking at

Not only is it the opportunity cost of not owning Bitcoin, but it's the shoddy design, workmanship, building materials, tax, fee's, debt price...

Then throw in the fact that what we need now, will be different in 5 years, and different again in 10 years

So there will be friction costs every time you want to alter

Then what happens if you want to move country? Move city? Go travelling?

Long story short, it's a good problem to have in a sense, but right now I feel very demoralised about it all

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Discussion

HoloKat 1y ago

What about new construction is that an option?

Jake Woodhouse 1y ago

Yes, 100%. But first you have to find the land, which is all ridiculously over-priced where I am looking. If you were to get it, it's then a 2 year process to plan and build. It'll probably blow out to 3... Then I am wondering, what if we want to be in a different town?

HoloKat 1y ago

Oh wow 2 years? Didn’t realize things were that way over there. But ya I hear ya, land alone can be expensive.

Z4 Explorer 1y ago

UK process is similar. Finding land where you can get planning permission isn't straight forward. Possibly a property that needs to be demolished might be an option too. Building / construction is 6-12 months. But finding the right property/ land is the tricky bit.

Jordan S 1y ago

Depends on the region, in California (where it's needed desperately) a lot of the modern homes are small (relatively speaking), over priced, have no gas ovens, and in the case of homes I checked were filled to the brim with iot/smart home devices.

In some cases new houses might be worse.

Hopeful_Sat 1y ago

I think I will continue renting for the time being. Have the same issues. If I really want a home, I would buy the home and borrow as much as I can against it to buy back the bitcoin as far as possible. But won't be there any time soon probably

Jake Woodhouse 1y ago

A good strategy, but not without risk, and forces me to ask "why bother?"

Renting has it's issues, but represents far better value for me right now

Hopeful_Sat 1y ago

Agreed, the whole buying thing is more when it won't put such a financial strain on your monthly income to pay back the loan so then there is a risk, but houses priced in local fiat tend to at least keep the value measured in the local currency, so if you pay back the loan over 20 years, the strain on your monthly cashflow isn't too high to repay it and the bitcoin you bought with the cash from putting the house down should increase in value over that time. So the net bitcoin you lose is only the difference between what you paid for the house and what you could borrow against it, plus the monthly repayments' opportunity cost, which shouldn't be too far off from what you would pay in terms of rent for that house every month (at least in my country that is the situation currently)

I'm not someone that really wants to "own my own house" and do renovations and all that, so renting is the way for me for sure, but things might change in the future where I need to "own" the house I live in for some reason and then I would take the route above because having as much bitcoin as possible for as long as possible is important imo 🤘

Leurico8 1y ago

Lots of shitty stuff in the market. I am thinking more like nostr:npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9ac lately. Buy land and build a proper house. But it will be an imense headache dealing with it.

CitizenPleb 1y ago

Is it a highly desirable location? Those are the absolute worst right now for what you actually get.

There’s no better example of how broke fiat is than searching through listings of homes in inflated areas going for near, at $1M, and above sitting on a tiny piece of land and falling over rotting on themselves.