Thevin Campton's avatar
Thevin Campton
thevin@BitcoinNostr.com
npub1tv9u...tde3
∞/21M | 0x6c9c2863dda8e1c3@ln.tips
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thevin 2 years ago
This content got 50 likes on Twitter. Let's see how it does on Nostr... What makes #bitcoin a superior store of value to traditional real estate? 1.) Real estate is EXTREMELY location specific. Your cashflow hinges on local fundamentals/expenses, local regulation, local zoning, local taxation and local population growth. #Bitcoin is location agnostic. It exists everywhere and nowhere, able to escape authoritarian regimes. 2.) Real estate is EXTREMELY cost intensive. A new roof, functional obsolescence, structural damage, etc can destroy months of cashflow. If you cannot service it or are forced to sell, we call that DISTRESSED. Sound familiar in 2023? #Bitcoin has no ongoing user maintenance costs. 3.) Real estate profit is EXTREMELY skewed toward operators. As an LP, you are placing your capital in the hands of your operator (GP), who makes the bulk of property decisions w/r/t your investment $. With #Bitcoin, you control where and how it's controlled. No counterparty risk. 4.) Real estate is EXTREMELY illiquid. The sale process of even a highly-desirable CRE asset is typically 2-3 months. Marketing, offer process, due diligence, closing, etc takes time. #Bitcoin is a 24/7/365 highly-liquid marketplace with a network uptime of 99.99% since 01/03/2009. 5.) Real estate, particularly CRE, has an EXTREMELY high entry-level cost. Even a small $3M deal typically requires ≥$600,000 in equity. With 60% of the US population living paycheck-to-paycheck, CRE ownership is a dream. If you have $1.00 to your name, you can buy #BTC today. 6.) Real estate is EXTREMELY management intensive. If you outsource management, it's expensive. If you manage it yourself, it's time-consuming. #Bitcoin allows you to pocket your "digital real estate" and take your UTXO ownership with you wherever you go. 100% transportability! 7.) Real estate is EXTREMELY subject to environmental risk. Did a neighbor leak hazardous chemicals onto your property? Did a hurricane come through? Hail, flooding, other acts of God? #Bitcoin exists solely in cyberspace. It does not decay under time or material conditions. 8.) As rental rates rise, so does the $ incentive to construct MORE real estate. #Bitcoin has a perfectly inelastic supply (21m only). More demand ≠ more btc. As more miners join the network, the more secure the network becomes. As more use #btc, the higher the price should rise. 9.) All of these factors render a blanket conclusion: For the average person, #bitcoin is a superior alternative as a store-of-value and wealth builder over RE. BTC has less risk, more upside, all while boasting superior returns on a risk/reward basis for long-term holders. Kudos to the #[0] team and Hard Money show for the great content.
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thevin 2 years ago
Working in Commercial Real Estate, sometimes it be like that
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thevin 2 years ago
The fact we live at a time in monetary history where you can pay with (i) paper money, (ii.) electronically via tapping your phone, and (iii) privately and without permission using Bitcoin, goes under appreciated.
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thevin 2 years ago
Can’t tell if Bikram Yoga is making my left knee better or worse. 🫠
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thevin 2 years ago
@similarity bot recommend
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thevin 2 years ago
CSW is no Satoshi, but he might be Rudy Kurniawan.
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thevin 2 years ago
By forfeiting your liberties, you trade a possible enemy for a guaranteed one.
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thevin 2 years ago
You don't need to be a chart specialist to know that 2023 will be serving up lots of humble 🥧 to late-cycle RE investors. Meanwhile, bitcoiners will be enjoying their baklava. image
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thevin 2 years ago
Sure, WFH is affecting the office market. Though the greater short-term threat to office are accelerating job cuts, particularly among white-collar workers. If we assume 1 employee = ~200 SF of office, a layoff of 500 = (~100,000) in net absorption. This chart is tech alone. image
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thevin 2 years ago
"Bitcoin is digital real estate." The investment thesis and similarities drew me in. The gradual evolution of modern finance with BTC as the backbone is what keeps me passionate. I had some free time last night, so here's a 🧵:
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thevin 2 years ago
Any sort of infographic that shows all the ongoing bitcoin projects? Projects being built on top of bitcoin, Layer 2 networks, etc.?
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thevin 2 years ago
As the saying goes, "be careful what you wish for." While some employees dream of being work-from-home, others have lost their jobs because of it. WFH policies tend to lead to increases in domestic outsourcing, the offshoring for cheap labor and more part-time/leased work. image
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thevin 2 years ago
A lot of people are going to learn real estate isn't the inflation hedge they thought.
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thevin 2 years ago
WFH Update! Remote work has stabilized to ~30% for most firms, largely flat since April '22. Data shows most employees do *NOT* want to work from home 100% of the time. The majority prefer 2-3 days in the office, depending on age.
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thevin 2 years ago
Moving back to Florida presents three very different career options… 1.) Continue fiat-mining in CRE brokerage 2.) Work in family construction business 3.) Break into a Bitcoin job Decisions, decisions…
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thevin 2 years ago
Plot twist: There is no "biggest real estate conference" in March. 😂 Real estate is absolutely hurting, particularly segments of the commercial RE industry, but this screenshot is just bogus, clout-chasing fear porn by whoever posted it on Twitter and claimed it was from a prominent CEO in the RE industry. Don't believe everything you read. image