ghosthodler on Nostr: #Bitcoin eliminates the incentive to own your house under regimes that impose ...

#Bitcoin eliminates the incentive to own your house under regimes that impose property tax today. The wealth-building aspect of paying towards equity is inferior to saving in #bitcoin (this is a fact). Plus, renting removes liability, caps costs, and provides flexibility. Even with a fully paid-for house, property tax (rent paid to the government), maintenance costs, and insurance will add up to about the same as rent for a similar place. And since most people move every 7 years on average, the cost of buying and selling will inevitably suppress further your wealth growth (and that is assuming you buy and sell at the right time). The best strategy for the current time is to let the transition take place. Once we are past the peak fiat era, buying a house at utility value with low to no property tax will become the norm. Local governments will look at people as assets for the local economy and will compete to attract residents. Now owners are just cash cows handcuffed to their piggy bank sitting on government property. Not a great proposition.