It finally sold leaving my brother in law and my sister with a 50k gain over 8 years. From that the commission of the real estate agent is deducted. Plus taxes plus "speculation tax" - leaving each one with 9k. He still owns 0 sats...
nostr:nevent1qqsqzgz6nctunau576hvxp6tgl53t7v976lw7wq2d45l5ljwgq52pzc0aq922
Add inflation and they've lost money.
I keep thinking I want to buy something I can call home, nothing bit and not with the idea of making a profit in the future but just a place I know I can go to no matter where life takes me along the way, but ultimately cases like this make me wonder 🤔
if prices are anything like in NZ, housing inflation has far outpaced inflation on everything else.......If you dont own bitcoin, its probably the best thing to own........I think that will change in a couple of years.
Inflation probably pounded the value of that 50k over that same period. Real estate investing makes sense if you are looking to collect rent in sats and resell the property for sats. Without satsflow, the fiat gains after taxes + maintenance costs won’t be much
It's hard seeing when it's people that you care about.
