Also, keep in mind that real estate requires a down payment and that’s bitcoin you need to sell, or bitcoin you didn’t buy.
If you consider the 20% down payment, you’ll be trading massive capital appreciation in bitcoin for the relatively small income stream you’re getting from the property over the lifetime of the mortgage.
I haven’t seen any case where real estate (even with the income stream) makes any financial sense over the long term.
This is exactly the point I was trying to make, although I said "entire investment" when I should have said "down payment amount" because it's only the cash you had to put up that you need to worry about getting back, not the amount printed by the bank when you took out the mortgage.
Thanks for clarifying.
Yep. The only time I could see myself buying property now is when it was somehow special for my family and I couldn’t otherwise rent it. Quality time with the family is more scarce than bitcoin. 💕
I’ve sold off most of my real estate already. I’m down to a few rental properties, which I can’t sell fast enough. (And, of course, real estate isn’t as liquid as bitcoin either.)
I was recently chatting about this with a friend of mine who was complaining about stuff going wrong at his house and cottage and how he couldn’t find contractors to take care of it. I was grateful that I don’t have these problems anymore.
