But what has happened to it's value in Bitcoin? I'm with you though, on owning versus renting.

This. I personally do not like where I live and we don’t intend to stay for much longer, but when money printer went brrrrrrr a few years back we went ahead and locked up a nice/modest place with the lowest mortgage rate I’ve ever heard of. Place has gone up about 30-40% in monopoly money value since then. Mas 🌽 for us when we sell.

S&P 500 has quadrupled in 10 years. So from a purely economic perspective you've lost money by investing in property instead of S&P 500.

It has not doubled in value. The money has lost half its value. Aging real estate does not become more valuable. This is a fiat trick. The demonitization of real estate is going to be cataclysmic for the US because ppl think their sticks and sheetrock homes are getting more valuable. The underlying land may be more valuable as a scarce commodity but the b House itself is a liability that costs you money on am ongoing basis. That being said. I have a mortgage and prefer it to renting. But i also pay no property taxes on the bome and first acre and locked in a 2.25% 30yr fixed mortgage. It would take a lot to convince me to move. Plus, i like my neighbors for now.

That's the problem. It ONLY doubled. The S&P gained 2.7x without reapplying the dividends. And I am willing to bet it gave you more headaches than what a line in your Fidelity Account would do.

Live in a home. Dont look at it like a stock.

Brilliant! For people wanted to buy a home and feel like it can’t happen I gained a ton of hope from @preston ‘s math he did comparing Bitcoin to house prices… What has the price of you home done in Bitcoin terms? Gone down like 5000%?

Right? I cant imagine living in someone else's home as an adult. Its home! The most personal space I get. It better be my own!

In Phoenix it’s cheaper to own a home than rent in a lot of like 4 like scenarios. Especially after the historic low interest rates many are locked into. Rent has soared.

Key is that you bought it 10 years ago. Try doing the calculation now.

It’s probably gone down 98% in value. You’re using the wrong ruler.

My thoughts too.

To each their own imo. My family now understands that me not having to pay rent means I can stack more bitcoin to secure the next generation of the family's financial future.

I’ve been told “don’t buy, so much cheaper to rent” because they look at today’s mortgage rates, not ones from 10+ years ago 😂

Or, just cash out, put the equity into bitcoin and rent. Your stack value goes up faster than your house under inflation

One of my sister's rents. She pays twice as much as I do for a smaller house. Sad.

And have no home?

Mine has tripled (quadrupled if my neighbor actually gets what they’re asking for their place) in the 20 years I’ve had the place. The equity I had 10 years ago is the only reason I was able to have my income cut in half so I could get out of banking before I killed myself.

It was the same calculation then as now. Everyone told me I was crazy to buy. The value of a house in gold (or BTC) stays about the same - even since 100 years ago. The problem for a young person is that interest on a 30 yr mortgage makes the proposition very expensive. You need a) a large initial equity to reduce size of mortgage and/or b) a shorter term mortgage (e.g. 15 years - higher payments). In my case, I lived in the unheated attic of my parents garage. (They begged me to take a basement room, but I was determined to sleep in my underwear in sub-zero weather like those Australian Aborigines and college students in that study cited in Scientific Americ - it worked! The key is NO wind chill.) I paid a very small rent and saved up a 25% down payment. I considered it essential to provide a home for a marriage. In addition, I made a strict budget, and paid it off in 15 years. (Note, there are additional steps I didn't take, like making payments twice a month to reduce total interest.)

I find myself prepping a mid twit response like Home value increase - (txn costs of getting in and out of property) - (opportunity costs of down payment) - (illiquidity premium) - (bank interest) - (property taxes) likely negative expected value in a majority of random walks. Then the giga brain says - own the roof over your head. That is all.

We don't own a house, we rent one. it's easier for us to move around, select what we need at a specific moment in time during our life. Lots of kids, a big house. no more kids, a small house. getting old, a flat.

And live free from the possibility of government coming in and stealing it for any number of Godless reasons.

Do you live that principal for all other products you have? You own nothing right? Because gov can just come take it? I have had my home already for so many years. Years have passed with me owning a home. I still have it. I will tomorrow. Your fear will keep you from ever having a home. Literally homeless.

Then what stops gov from taking the house from the landlord you rent from? 😅 Owning is always better than not.

I get it, its an emotional argument for you and that is ok. My comment was simply to highlight the fact that there are equally viable alternatives and priorities. My home is my family. I have difficulty putting value in things I know can be easily taken from me and have been taken from me or my family before. We've lost our home to rot and mold, we've had theft of material possessions and funds. We had our local government force us to move after we said no to their offer, they decided to buy the road we used to get in and out of our property to force us out. So sure, it's fine to believe your property will forever be in your name after you die, and that doesnt prevent me from stacking sats and staying humble.

I know what the alternatives are obviously. I have rented before. You gave reasons why you dont like home ownership. I can tell you why renting has been horrible for me in the past too. Have actually moved from a rental property because of mold. All the reasons you list can happen if you rent though. Also, issues with your house is your responsibility. If you cant take that responsibility then dont do it surely. I get that. You say your home is your family. Now you are getting emotional with it. We are clearly talking about property. For me its about "having". I want to "have" a home. Not be in someone else's. I wont rely on another owning a home, so then I can rent what they own. The person you rent from is a home owner. Also, property doesnt stay in your name after you die. Thats not possible. Next of kin, family. If you were a fool and had a mortgage then the bank should get your property.

Bro, tf. He just said he lost his house like 3 times and your like, well now YOUR being emotional 🤣 i think the point hes trying to make is that your opinion isnt objectively true 100% of the time. Get this guy an eq test, shit

Make sense. His reasons happen in renting as well. Ownership is better is a fact. I never said its what he as an individual needs to do. No cry baby please. Stop expecting landlords to be your answer for everything.

Well not 3 times, and we do own btw. This just became a hot mess of a misunderstanding. I'm obviously not making myself clear here haha. No offense taken 🤙

I hope im not giving offence. 🙏🫂

Huge distortions in housing due to the printing press. Not everybody can skirt that tyranny.