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0 sats \ 8 replies \ @kepford OP 30 Apr \ parent \ on: How Bitcoin improves Real Estate for those that actually use it bitcoin
That quote is more about the melting ice cube and cheap debt fueled false growth.
Yes you're right. I agree. My only point is that if you have got enough wealth (without debt of course), you can buy some good properties as well.
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Sure. But its actually more risky to use real estate as a substitute for gold or bitcoin. Inferior. Buying apartments to run a business is different. Buying land in a growing area is a speculation that could pay off. Those are different from bitcoin and gold.
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Yes it is more risky. But it's and it'll always be better than stocks and Fiat savings that people often do just because they think their wealth is secured by the governments.
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Not true. In recent years people have lost millions in real estate. That's my point. It depends. Saying stocks is the same. Which stocks? Each is different. Fiat has inflation but depending on the property you could be better off in cash.
The mistake here is generalizing it as good or bad. Can be either depending on the situated. Its not a single thing like bitcoin or gold.
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People lost millions just because they couldn't HODL.
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Yeah that is true in some cases but its more than that. There's a bubble. Not sure if you get what I'm saying or just want to argue. I've made my point repeatedly.
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Sorry, if you feel like that. I don't wanna argue.
Yes the other case—may be I didn't get it. I'm not too educated in finance to understand everythin'.
But, I've invested some 20% of my earned money into property in India and I must say it's my second best investment after Bitcoin.
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I'm not saying real estate is a bad investment. I'm saying it is different. It can be great. Currently in most cases its better than holding fiat. Many bitcoiners act like its dumb to own property. It isn't that simple. There are costs to owning land that do not exist with bitcoin. I don't think bitcoin kills real estate. It just alters its position. Same goes for gold for example. Right now IMO the market for real estate is stupid and unsustainable in many locations. Remove fiat and it radically changes.