Thread

Save in #Bitcoin Live in #Housing It’s not rocket science people

Seconded. btw snagged $90 of BDCi today (at Fidelity). 🤝

Like gold, housing gets sometimes put into this "hard asset" category along with Bitcoin. But one has to keep in mind that on the dimension of portability, it goes Bitcoin >> gold >> housing. Housing ties you up with a 30 year-fixed mortgage (itself a peculiar product of US government intervention) to a particular spot of land, the surrounding government of which might at any time deem you "undesirable" for whatever reason. It is a form of wealth that is both highly legible and confiscatable in ways BTC will never be.

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gold has pulled in trillions over last few years , but has it managed to pull monetary premium out of houses and other assets? everything bubble suggests not can bitcoin pull monetary premium out of other asset classes if gold failed? 🤔

Perfectly said. Fiat broke the world, Bitcoin restores sanity. 🧡

No it's not, you should have to beat inflation or things remain $1 for a hundred years. That's just one thing, this thought is ridiculous

💯 ... would like to add: the OG source of monetary premium was preferential tax treatment on mortgage interest. i.e. prices get distorted higher when the government is subsiding mortgages. PS. It's also worth noting that the chart comparing housing to the S&P is disingenuously misleading in this context - as it ignores some obvious ancillary financial benefits of home ownership - most notably: not having to pay rent (and/or otherwise collecting rent).

Is it an issue if things remain $1 for a hundred years?

Real estate has a time and place, especially as a primary residence But a “portfolio” of real estate for “growth” is a poor allocation Tool many years for me to learn that

Just had this conversation with a commercial real estate broker and investor. Most of his colleagues are preparing to become poor he said, and if he was 21 and had to find the same job he couldn't do it today. I've been working on him to move to bitcoin, but it's harder for a rich man to enter bitcoin than a camel going through the eye of a needle.

Found the FED

100% agree and hope to see things move in this direction for the next generation. If it does happen, a lot of people will feel pain when the housing market turns deflationary.

I’ve been seriously considering selling my place and putting it into bitcoin and just renting.

These are the reasons I don’t do this: 1. Family / Community My family is part of a community that we love. Many years down the road, I want my grandkids to have experiences that home ownership provides. 2. Renting There is a fixed cost that will always go up. The owner will need to make money on the property. 3. Cost of Switch The switch would cost $30-60 grand with fees, moving expenses and purchase new furniture. 4. Market Timing What if the market turns just after the switch and a large percentage is lost of the lump sum made from the house sell. 5. Re-entering Housing Market Later, I’d want to buy a house and my money would be tied up in btc. I wouldn’t want to sell it and take the capital gains hit. Any btc I hold in savings, I want to keep until countries have better tax regulation. For me, I’m more comfortable with the DCA and milking the low mortgage interest rates. Everyone’s situation is different though.

Most underrated bitcoin book IMO that sums this up beautiful is Gradually, Then Suddenly

Agree 100%. I think people are starting to realize this. Interesting to see what the market will do on land prices in the next few years as more folks save in Bitcoin or other financial devices. Although, it seems like states will more freedom will still be receiving political refugees from places like New York, which will keep prices high in Florida and Texas.