Your house isn’t gaining value. It’s losing value slower than everything else you use. #Bitcoin
Discussion
And this is why we bitcoin
Would like to add that most people need a house until they die. You can sell yours but in most cases all houses changed in the same way relatively speaking. So if you buy your house for 100K and sell it 10 years later for 200K to buy a different 200K house it probably went through the same change.
This is why there will be no housing market crash. The dollar can only go down in value, which means hard assets will go up, in dollar terms.
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Commodities like houses maintain their value.
If you sell your house, you have money to buy that same house. Those is true no matter where or when.
If you buy a house for $100,000 and the price goes up to $200,000, you can sell it for $200,000 and buy another equivalent house.
If the price drops to $50,000, you can sell it for $50,000 and turn around and buy another equivalent house.
It's the fiat that loses value, not the house.
maintainance costs, taxes ...
also this
You have to look at the *total* cost of the house, not just its sticker price. This includes all the maintenance that goes into keeping the property in shape (eliminating pests, landscaping, exterior work, routine interior upgrades, etc.) as well as property taxes and mortgage interest (if collateralized).
Your opportunity cost of owning the home is the sum of all these outlays, compounded over time.