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I have some close friends and they are in their early 30s. They will probably have kids in the next 2-3 years and they don't own a home yet (but very desperate to buy a home if prices drop)and if you were to orangepill them, how would you go about it?

Would you advise them to invest all their savings into #Bitcoin instead of investing their savings into their first house and once their stack grows to certain amount , they can buy home with that stack?

Any opinion on this would be very helpful. I have a lot of friends who are in a similar situation.

#Bitcoin #BTC

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Discussion

StackSats.IO 2y ago 💬 1

Real Estate is a shitcoin.

Just because that’s how the Boomers got rich, doesn’t mean it will work for current and future generations. In fact, it basically can’t. It needs to return to utility values because everything is so out of whack economically.

Even holding off for one more cycle and riding Bitcoin for a few years will see them far better off if they really want to buy a house. The trends in this graph are going to continue with house prices crashing against BTC until you can buy for 0.0X and eventually 0.00X.

There are 2 Billion+ houses on the planet and only 21 Million Bitcoin. They’re constantly making more of the former, and can’t make more of the latter.

MyOldKyHodl 2y ago

I would show them a chart of how home prices diverged from income and then say the only realistic way of owning a home is first closing the gap with Bitcoin. Then one day when moon they can slice a piece of to own the home.