I have two close friends who are landlords, i told them they are fucking people over and bitcoin is morally more sound because owning bitcoin instead of buildings means buildings are cheaper for people. They havent let go of the real estate, but they both own some bitcoin 🤣
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7 mentioned that he thinks real estate has already started to be eaten by Bitcoin on What Bitcoin Did.
He's right. I came into Bitcoin around 2020 while researching how to start real estate investing to protect myself from all the printing.
I ended up in gold and Bitcoin instead.
Fast forward to today and I'm zero gold and almost 100% in Bitcoin (minus a small amount of fiat that is already going to specific fiat bills).
I was 27 at the time, which is probably the age most people these days start thinking about such things.
How many other people have or will decide that real estate is just too big of a headache in a world where #Bitcoin exists?
We are going to make it.
Discussion
I'm conflicted on saying they are fucking people over. Some people want to rent and that is a service that should never fully go away. But it would be a lot cheaper on a Bitcoin standard. Everyone would be able to win. They currently can't, which is where your feelings come from. Landlords aren't bad per se. It's the system they operate in that's rotten.
Being a landlord pretty directly perpetuates the rotten system.
Not necessarily. I literally want to rent right now. I dont want to be stuck in a location. I work with travelling nurses with the same needs. I couldn't live the life I want right now without landlords. It's a real service that some people need.
They handle all the little stuff I dont want to right now and I pay them a fee. I acknowledge that there would be far fewer renters in a sound system, but that doesn't mean landlords are the problem. They are merely filling a void that would be there either way with broken money. There's also differences between what most people call "landlord." There is the father and son who own my apartment and come fix my sink, and there's BlackRock. This issue isn't as simple as you're making it, but I do agree there are problems with housing and our entire system.
Meaning there are property managers, investors, etc that all get lumped into "landlord" often.