As far as I can tell a house that a person owns outright is an asset. Period. Of course it's nowhere near as good an asset as Bitcoin, but I can't live inside a Bitcoin, and renting is way worse than owning a home outright.
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For the reasons outlined in the original post I'd argue that owning is worse than renting. Especially if you consider the opportunity cost of all that bitcoin you could be owning instead.
That's very true. But a house is still an asset even if it's a bad one. 👍