"This house was $1.4 million four years ago. Now it's 2.1 million Canadian pieces of paper... It was 300 #bitcoin four years ago. Now it's 22 bitcoin. In four years, this house will be two bitcoin... it's a really bad store of value compared to Bitcoin." — nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe with nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u
Discussion
Ok sure, but you still need a place to live. So either rent or buy on cheap fiat credit.
Rent goes up, fiat credit inflates away.
BTW rent includes the cost of ownership plus a margin.
In order to get the credit and buy the house you also need to deposit a substantial sum of money upfront. At least that’s the case in most countries. Say $100k to get the loan. If you rent you could put this money into #Bitcoin. If you buy, this money is stuck in your house. Which one will be the better investment overtime? In fiat terms I would say rent. In #Bitcoin terms it is obviously also rent. This will particularly be the case over the next 10-20 years with the rise of #Bitcoin and decline of Real Estate as an investment vehicle.
This is true. As an investment Bitcoin will always outperform on the long run.
However, a 100K advance in Belgium gets you a 1M house... So the numbers definitly vary depending on region. I believe the average house in Belgium is about 350K so a 35K advance here would be enough for what is average here.
We plan to take out a mortgage this year and at the same time buy $40,000 worth of sats. Plan is to hodl for 10 years to be able to pay of the mortgage. There will be tax implications if we do so. Its also possible to sell the house during that period and move in to a rental or to a Sat friendly country.
Jeff is such a fantastic person to learn from, keeps things simple, in spite of habit. Some very profound insights
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“Canadian pieces of paper” lol
It may seem like Bitcoin is going up in price but that lens is very confusing.
Because your measuring stick of USD is constantly changing/inflating.
Imagine building a house with measuring tape that kept changing dimensions. How ridiculous.
Bitcoin IS the measuring stick.
The price of all things is going actually going DOWN in Bitcoin terms.
It’s very simple. Hold Bitcoin > things get cheaper > easy life
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