A house is not an asset, it’s a liability: endless maintenance, crushing taxes, geographic slavery, and total exposure to one government’s whims. #Bitcoin, on the other hand, is pure freedom: borderless, incorruptible, and truly yours.
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Replies (23)
Unless your house helps you generate income, by producing some service or goods.
one shelters from adversities while the other shelters from adversities. ;)
both necessities.
Where do you sleep?
Boomers need exit liquidity... Stack sats instead
in all seriousness, the point is that assets by definition grow in value or net posituve cashflow, liabilities decline in value or net cash loss. living in an apartment is also a liability, by this definition, and a house could be less liability than an apartment. if you house hack (rent out part of the house you own and live in), the house could be an asset.
Bitcoin has no HOA!
The tics, the tics, the tics!!!
Tell me about it ... my backyard is a hellscape and Im in no mood to work on it. Just hanging out here while my last kid finishes high school. Then I'll be getting a $170k tiny house inn far Western Massachusetts or Northern New Hampshire.
one good thing is we can mine in them #240V 🧡⚡
#Bitcoin has fuck you property taxes 🧡🔥✈️
You never own stuff
Your stuff will always own you
And anchor you down
#haiku
All his points still apply regardless
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.
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. 👍
Someone I know just sent me you X post by text. Didn't know you were famous 😏
just build the house without permits, if nobody knows, nobody owns taxes. just like in the good old days. i would even go further and claim the land, why buying it?
I’m a huge fan of Bitcoin, but we all should have the opportunity to own land and property. Life is better when you have roots and home ownership gives this. Buy a house and buy Bitcoin!
The taxes are not the houses fault.
investment real estate is a shitcoin but you cannot raise a family in a bitcoin