Lau on Nostr: Real estate isn’t a shitcoin yet. I’m very sorry, but if you think this you ...
Real estate isn’t a shitcoin yet.
I’m very sorry, but if you think this you probably don’t own any or you have no yield from the property you own. Yes, real estate will trend to cost and I do not advise staying in real estate for the rest of your life because you will lose close to all of the money you stuck into it. Also, don’t put any money into real estate to store your wealth, we have Bitcoin for that.
Bitcoin is the most fantastic discovery, yes. Bitcoin will survive where every other asset class will die, yes. But there is no yield in Bitcoin that is denominated in Bitcoin without scamming people, so stop fantasizing about that. All we have is number go up and the only way to enjoy that is to exchange your Bitcoin for the luxury it buys.
You don't buy real estate when it's expensive, those who do are working another job to pay that housing bill. Apart from being able to buy low so there is a net result in rent, this yield is not influenced by the housing market. So after acquiring and fixing it up; the value of the property may go up or down, but the rent never goes down. It makes no sense to sell the property to buy Bitcoin with it. Simply stack with the collected rent. So, real estate isn’t a shitcoin yet, timing matters. The question is, when will real estate become a shitcoin? I think it will gradually turn into a shitcoin over the next 10 years, what do you think?
I’m very sorry, but if you think this you probably don’t own any or you have no yield from the property you own. Yes, real estate will trend to cost and I do not advise staying in real estate for the rest of your life because you will lose close to all of the money you stuck into it. Also, don’t put any money into real estate to store your wealth, we have Bitcoin for that.
Bitcoin is the most fantastic discovery, yes. Bitcoin will survive where every other asset class will die, yes. But there is no yield in Bitcoin that is denominated in Bitcoin without scamming people, so stop fantasizing about that. All we have is number go up and the only way to enjoy that is to exchange your Bitcoin for the luxury it buys.
You don't buy real estate when it's expensive, those who do are working another job to pay that housing bill. Apart from being able to buy low so there is a net result in rent, this yield is not influenced by the housing market. So after acquiring and fixing it up; the value of the property may go up or down, but the rent never goes down. It makes no sense to sell the property to buy Bitcoin with it. Simply stack with the collected rent. So, real estate isn’t a shitcoin yet, timing matters. The question is, when will real estate become a shitcoin? I think it will gradually turn into a shitcoin over the next 10 years, what do you think?