Your house isn't worth more...
Normies will get mad if you point this out.
Discussion
Did this analysis about 10 years ago and charted house prices in gold terms. Put myself on a gold standard shortly after, the btc standard came next. It’s actually a very good way to introduce normies to btc who know something is off with the current system.
We've had rampant inflation since the 2008 crisis, but until recently it's mostly manifested in things with a more fixed supply like real estate and equities. It was only after they goosed the money supply by 40% in two years that inflation started creeping into goods and services by a meaningful degree.
On average, home prices grow at the same rate as inflation.
I have a graph somewhere showing home prices normalized for inflation since 1945 to 2010. It's a flat line.
If you ever find it I'd love to have it. I've been meaning to do this myself because i couldn't find a good chart of it without a bunch of other stuff.
I think nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle had a good reference
To echo, I'd love to see the same image/data.
Hoomers are losers because they’re losing. 
What is a Hoomer? Is it someone that own an house? If so, then what's your proposal to live under a roof if you don't own an house? Generational wealth is also stability in living conditions.
Clearly you don't havw to consider house as an asset as the ones that have a liquid market...illiquid markets have always price distorsion and asymmetries.
Even if you think you own it, you don’t own it.
Is that a solution to the nomadism? If you rent, you both technically and practically don't own it. If you buy the house, at least you own it in some sort of spectrum of legislative and burocratic scenarios. That's not ideal, but far fron the worst case scenario.
You don't fight the "you'll own nothing and you'll be happy" by refusing to own stuff...you fight it by enforcing your ownership whenever challenged.
"I'm going to buy this house, and then in 20 years when the roof needs replaced and the appliances are shot and the carpet is threadbare and the walls are scuffed and termites are eating the frame, I'll sell it for a 5x profit. 'Investing' in real estate, I'm such a genius." -statements made by the completely deranged
While I do agree.
A man still needs his castle.
Choose wisely. Upkeep regularly. And learn to enjoy your work.
It is satisfying living in a nicely kept home.
You’re garden and home cannot be rugged by your landlord.
Very different from "investing" in a house.
And by the way, you can still be rugged by the landlord of the house you "own". The rent is a little cheaper, but try not paying your property taxes and see what happens.
2% target
20% unrealized for 3 years. lol
It usually is because of better opportunities in the area that it's in like school, jobs, shopping etc. Also population pressure from immigration.
I love overlaying information.
Enjoy.
nostr:note1ehw77c4t3j6va4874nmvga0agehph870yj7g78qesqwccyqrr6kq9xfh7j
lol thank you. 😊
House goes up in fiat, goes down in terms of #bitcoin
It is worth way way more not in usd but in normies currency - time required to work to purchase one.
Yeah but my kid wants a house
Of course. Houses are very useful. I have one too. I'm just saying it isn't a financial investment, it's a liability that improves your life. It's just like your car, your computer and everything else.
The lesson is simply to not buy any of these things thinking they are going to be worth more in 5 years.
Real estate is bad investment, had ever been. It just follows the inflation. But why should that be different?
Compelling visual
totally normal for home building and property to become more expensive, even though land is one of the most abundant resources out there.