BTCMeansFreedom4All on Nostr: Exactly this! As someone who doesn't currently own and would need to purchase a home, ...
Exactly this! As someone who doesn't currently own and would need to purchase a home, just renting while Bitcoin continues to grow at 60% a year or so (baseline is 46% growth as measured in dollars), is much more desirable than sticking that money into a depreciating asset like a home.
Yes, I said depreciating. Since 1960 homes have dropped from 340 Oz of Gold to only 153 Oz today. Median home prices fall in Gold terms 1.2% a year.
The only reason homes are considered appreciating is because they drop in value significantly slower than the dollar and this grow in nominal dollar terms at nearly the same rate as debasement, which is much more than most people's pay increases.
Yes, I said depreciating. Since 1960 homes have dropped from 340 Oz of Gold to only 153 Oz today. Median home prices fall in Gold terms 1.2% a year.
The only reason homes are considered appreciating is because they drop in value significantly slower than the dollar and this grow in nominal dollar terms at nearly the same rate as debasement, which is much more than most people's pay increases.