Selling #bitcoin and buying real estate is the most retarded move ! Don’t do it !
Discussion
after watching things like Love is Blind - and hearing even millennials focus so much on what “success” looks like in terms of real-estate portfolio - makes me wonder how hard the whiplash will be for even non-Boomers…
I agree with you, but I understand that people want to own property, to have a roof over their heads.
In europe I am unsure whether your own property really belongs to you
I agree
Can't live under a wallet address mate.
Many jurisdictions demand property for you to seek shelter. Mandatory for a solid Plan B
Unless... You need a head over your head?
This took me awhile to understand when I first learned about bitcoin. But it was much easier to understand when you classify everything as different monies.
Prior to bitcoin the hardest money was "certain" real estate, and of course it's still way better than fiat, but pales in comparison to bitcoin as money.
Let you house be a house and your money be money. I refuse to pay the manipulated and inflated fiat price that is being asked because I know that in reality homes (and everything else denominated in fiat) are worth far less and I'd rather wait to purchase something at a fair price denominated in sats.
Clearly depends on your situation.
If seen as investment: yes
If you wish to enable your family living in an owned home: no
Real estate is really risky. Currency risk, state risk, neighborhood risk, tax risk, element risk.
But if you find the house you like to get old in, maybe you can buy ist in then get a cheap mortgage and buy back bitcoin. Stay humble, don't over leverage.