I used to believe real estate was the ultimate savings account for middle-class families.
Then I realized:
- Property taxes never end
- Maintenance costs never end
- Zoning changes can destroy value overnight
- You need political permission to own it
Bitcoin is better property. ⚡️⚡️⚡️
Login to reply
Replies (3)
Bitcoin is magic
How you buy Bitcoin is the same way how you convert it back to cash but with higher purchasing power when you hold it for more than 4yrs.
And, on top of all that, property tax rates and "assessed value" (what a joke that is!) can flip by 100% or even 1000% at any moment, and you never know when they will try to earn some Soros or "woke" brownie points and decide to build "low income housing" across the street.