Real estate is a shitcoin
Look at CA and imagine storing all your wealth in a physical asset there
Digital scarcity only
Discussion
A house is not an asset. It is a liability.
Only the land is the asset...... and it's still a shitcoin.
Agreed
House don't gain value.
The currency they are valued in, dollars, gets devalued so you actually just need more dollars for the same house making it APPEAR LIKE your house gained value, BUT IT DIDN'T.
🎯🎯🎯
Right, but there are also scarce homes. If you buy the right house - and it usuallly takes a lot of fiat - under normal circumstances it will increase its fiat price. I agree with you it is a liability though.
apartments are a shitcoin. Land is physical bitcoin