Replying to Avatar Sovereign Being

Over the next 5 years, what could be the better position to be in:

Existing home owner or renter?
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Mark Sea 5mo ago

Depends what your ideal “better position” means. If you mean purely net worth, probably the renter, if they’re allocating excess funds to bitcoin. Really just depends on where you are in life though. If you want to live nimble and move as needed or if you want a place to hunker down and build local resilience.

“Zillow season” bitcoiners are going to continue having a hard time separating with sats to buy a continually depreciating house though. Yes, their purchasing power will skyrocket, but the nominal price of houses after the next big print will be astronomical. Sticker price is still hard to swallow even if you live on a Sat standard. My other concern is that most people don’t immediately move into their forever home (me). I already paid an exorbitant amount for my current house compared to isn’t actual worth. How many nocoiners will be able to afford my house when I try to sell after the next big print?Homeownership is already out of reach foremost and that’s only going to get worse.

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Sovereign Being 5mo ago

I mainly wonder if housing will continue to go up in price as it has been, or if something is going to give and a correction comes in. I suppose there are good arguments for both possibilities.

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Mark Sea 5mo ago

I’m sure we’ll see corrections. We already are in my area of FL which was one of the most overheated in the country. I don’t think there is any going back to pre 2020 prices within 5 years if that’s what you’re waiting for. I’d love to be wrong even though it’s looking like I got my house at the local top, because this is not our forever home.