A few years ago, I had my doubts about whether Bitcoin or real estate was better. For more than 500 days now, I have no doubts! Bitcoin is better, more important, more valuable, safer, more reliable, easier, more efficient, more profitable than any real estate. Greetings from Ukraine.
100 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
Why did I write this post? Because I have experienced firsthand the uselessness of a house under certain conditions. And what conditions, I hope, are clear enough.
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10 sats \ 1 reply \ @birdeye21 21 Aug 2023
Highly liquid and globally accessible as well.
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0 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
Ideal
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0 sats \ 1 reply \ @edulopesf 22 Aug 2023
I don't think one is best than the other. The conditions define a market. If you ask someone who had bought BTC @ 60k, I doubt he/she will share the same opinion. Also, they are pretty different kinds of assets to compare...
You live in Ukraine, right? If I had a lot of money, I'd be buying houses right now. No matter the outcome of the war, prices will rise later, it may take some years, but certainly house market will rise after the war.
Slava Ukraini!
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10 sats \ 0 replies \ @bitcoinMoon OP 22 Aug 2023
I hope this horror will end. I hope real estate prices will rise. of course, if the property survives. Glory to heroes!
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0 sats \ 1 reply \ @carlosfandango 21 Aug 2023
Slava Ukraini! - the deepest respect for your recent experience and best wishes for a brighter future.
Русский военный корабль, иди нахуй
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0 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
Героям Слава!
Дякую!
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0 sats \ 3 replies \ @ShortSimon 21 Aug 2023
Bitcoin is better.
You can take it out of the country
You don't have to maintain it
It's harder to confiscate
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0 sats \ 1 reply \ @nemo 21 Aug 2023
deleted by author
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0 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
It's kind of absent and yet it's everywhere at the same time :)
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0 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
100%
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0 sats \ 1 reply \ @BBitcoinUSA 21 Aug 2023
You pay 1-2% per year on property taxes while owning the real estate, plus maintenance & upkeep over the life of ownership in most cases, 6% to the broker when you sell it, and capital gains % on whatever portion you don't roll into another real estate property. This doesn't sound like a great deal. But they let you deduct mortgage interest on your tax returns, obviously, because this not only incentives people to buy real estate with debt but also manipulates the market in such a way that that you don't even have a choice.
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18 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
You know, we don't have it quite like you do in the United States. In fact, not at all. First of all, we don't have a property tax. They are trying to introduce it, but they haven't yet. For example, there is a fee for apartments larger than 60 square meters (if I'm not mistaken). But this fee is very small. Secondly, we usually sell and buy directly, without brokers. Although, of course, we pay money to the country's budget. And our real estate prices are ridiculous (compared to the EU or the US). The problem is that there is a terrible war going on. Hundreds of thousands of people have been left without housing. In general, I now look at real estate more as a problem. It's hard to sell, as if it's a forgotten token from 2015. I hope the situation will improve
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0 sats \ 1 reply \ @k00b 21 Aug 2023
This kind of says it all.
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0 sats \ 0 replies \ @bitcoinMoon OP 21 Aug 2023
yes
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