TheLodiLender on Nostr: https://open.spotify.com/episode/7vHfOoWgFXTNQGftHpYPPQ?si=Bu2I_cZ-S3KhOTgO1XsrGQ ...
https://open.spotify.com/episode/7vHfOoWgFXTNQGftHpYPPQ?si=Bu2I_cZ-S3KhOTgO1XsrGQ
another really good episode by @preston
Very rare that I find myself disagreeing with you @Preston but while I thought your analysis of the cost of a house/BTC vs USD was very interesting in that home prices fell relative to BTC, I also found myself disagreeing with some of the other analysis of real estate done.
Full disclosure, I work full time in real estate and my personal networth is 90% real estate and 10% BTC.
My disagreements are:
1) BTC will never replace real estate as a store of value nor is it a better store of value (at least in current system and in my opinion, reality). Real estate provides cash flow, tax benefits, and principal increase via debt/loan pay down. The cash flow alone makes it a more valuable asset than BTC for some people depending on their financial situation. Also tangibly owning land will always have value. While each serves a purpose, it is hard to compare BTC to real estate because the operate differently and solve different things for different people
2) Even the developer mentions that he is continuing to develop real estate because it is the better tool for growing and accumulating wealth because it is infinitely more dynamic and allows for more levers to pull.
Where I do think he hits the nail on the head is in supplementing real estate cash flows with BTC and using BTC in tandem as a savings account for CAPEX/maintenance reserves. Just my personal/professional thoughts and I'm just hoping to spark some interesting discussions 👍🏼
Overall, obviously love the show and never miss an episode haha
another really good episode by @preston
Very rare that I find myself disagreeing with you @Preston but while I thought your analysis of the cost of a house/BTC vs USD was very interesting in that home prices fell relative to BTC, I also found myself disagreeing with some of the other analysis of real estate done.
Full disclosure, I work full time in real estate and my personal networth is 90% real estate and 10% BTC.
My disagreements are:
1) BTC will never replace real estate as a store of value nor is it a better store of value (at least in current system and in my opinion, reality). Real estate provides cash flow, tax benefits, and principal increase via debt/loan pay down. The cash flow alone makes it a more valuable asset than BTC for some people depending on their financial situation. Also tangibly owning land will always have value. While each serves a purpose, it is hard to compare BTC to real estate because the operate differently and solve different things for different people
2) Even the developer mentions that he is continuing to develop real estate because it is the better tool for growing and accumulating wealth because it is infinitely more dynamic and allows for more levers to pull.
Where I do think he hits the nail on the head is in supplementing real estate cash flows with BTC and using BTC in tandem as a savings account for CAPEX/maintenance reserves. Just my personal/professional thoughts and I'm just hoping to spark some interesting discussions 👍🏼
Overall, obviously love the show and never miss an episode haha