There are way more sellers than buyers which means the sellers are getting desperate, which means you can place low ball bids on places and odds are you will get a fill. I would only be looking at real estate if I was looking for a home to buy and live in. Otherwise, â‚¿uy â‚¿itcoin.
Why does it make a difference if you buy a house to live in?
I think the sentiment is that houses are so illiquid. If you are living in the house, why be quick to sell it since you need it to live in? Or, maybe the things that you own end up owning you. So be deliberate. (No pun intended.)
Thank you for the response.
Living with the absolute minimum has given me the view that moving can be quite simple. But that may not translate to anyone, I understand.
Regarding the illiquidity of the house: depending on where the house/flat you might always find a renter. That way moving could be simple, giving you the option to move back. Depending on which city you live in, buying a property could not be that simple, due to the entire process involved and depending on the market. Sometimes owning a property is the only way to stay in a certain neighbourhood, due to ever rising prices.
I guess if you have a stable or predictable cash flow, renting could always be an option. Yet that option is not always available.
But I see the point, that given an arbitrary house and anyone’s arbitrary cash flow, the illiquidity of a property might be a bigger risk than investing in Bitcoin.
