Would you buy real estate in 2022/2023?
161 sats \ 5 comments \ @kilianbuhn 17 Jul 2022 bitcoin
Or are there better opportunities in the market? Is there a point where you Bitcoin position is big enough to feel "safe" for retirement and can afford to risk it in a real estate investment?
And then: what property? Texas for betting on Silicone Valley 2.0? Or is Cali's climate and dolce Vita timeless?
I do think the struggls in Italy and Spain could be a one in a lifetime opportunity. Italy is beautiful. Small village old house on the countryside - just lovely. Or city apartments on the coast? A Spanish finka could be amazing as well - being self sufficient in retirement via homesteading sounds amazing.
And in general: city or rural? I think suburban small towel sized grass monoculture and being in a car-centric antisocial community has its draws but will definitely slowly decline in the next generations. Or is this my european bias? Rural with huge property that I could go jogging on could be amazing. Or city apartments drinking an espresso on a balcony looking down on a busy street for breakfast? Becoming cool (again)?
What are your thoughts? Or what would you do with spare money?
write
preview
related posts
183 sats \ 0 replies \ @k00b 17 Jul 2022
I've had this discussion with my wife recently (who is only partially orange pilled).
  1. the market is overheated for sure - highly, uniquely biased toward real estate as an investment rather than personal usage
  2. tons of hard to account for risk - interest rates, taxes, neighbors, ordinances, weather, energy prices, etc
  3. I personally think Bitcoin will outperform real estate
  4. I personally don't enjoy home maintenance
  5. debt sucks
That said, we've decided that if we find a neighborhood/house/location we truly believe want to live in forever, and feel like we're ready to, we'd buy. But an investment in real estate seems like a huge headache and I'd rather make stuff and stack sats.
We're also too broke to buy a house - so I might be talking us out of it for that reason alone.
reply
113 sats \ 1 reply \ @h17n 17 Jul 2022 freebie
Real estate is a shitcoin.
  • in BTC terms real estate has been rapidly decreasing and this is likely to remain so the coming years
  • transferring real estate is slow and painful, and you cannot move it to another jurisdiction
  • dealing with tenants and maintenance is a hassle
  • real estate is taxed everywhere and these taxes are likely going up (e.g. CGT)
  • real estate can relatively easily be confiscated
Only buy real estate if you intend to live in it most of your time for the coming decade, expect it to go down in value (expressed in sats).
Spare money goes towards stacking.
reply
175 sats \ 0 replies \ @jeff 17 Jul 2022
I think you may be at risk of overloading the word shitcoin here.
The properties you list may be true, but don't make it a shitcoin.
reply
124 sats \ 0 replies \ @nullcount 17 Jul 2022
You can't live inside your Bitcoin, but you have to live somewhere.
In an inflationary environment, having debt AND assets is desirable. Mortgages are one of the best ways for commonfolk to access debt. They're typically fixed interest rate (very low as well) and the average W2 wage earner can access many multiples of their income in debt.
Plus, as you pay your mortgage, you're gaining equity in an asset (your house).
Learning how to DIY renovations is a great way to add value to your asset. If a contractor wants $10k for a major renovation, but you can find a way to do it for $3k, that's basically $7k of profit when it comes time to sell.
In a recession, cash flowing assets tend to win against risk assets. Rental properties are always in demand.
reply
100 sats \ 0 replies \ @zuspotirko 17 Jul 2022
Rural stuff might be worth a speculative investment due to homeoffice and people wanting back to nature.
Suburban is doomed, nobody wants this hostile boomer shit anymore.
reply