113 sats \ 1 reply \ @h17n 17 Jul 2022 freebie \ on: Would you buy real estate in 2022/2023? bitcoin
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.
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.
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