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42 sats \ 1 reply \ @ov1_kenobi 23 Jun \ on: Property Management built on Bitcoin (The Better Bitcoin Business Model) bitcoin
Property taxes are paid out annually, so storing that $900/month of capital as BTC until the annual extortion comes due will help capture the ongoing bitcoin value gains. Monthly DCA through Swan/River/Unchained through a Trust account can gradually increase your stack. IF structured properly, this Trust can increase your privacy, decrease your tax liabilities, and decrease your likelihood of litigation.
The Bitcoin Real Estate Trust can postpone taxable events indefinitely, while keeping maximum privacy, but you must set them up and operate them carefully. Parking capital in a seige-proof manner as air-gapped UTXOs will make capturing more real estate obsolete. The need for like-kind reinvestment to postpone short term capital gains, for paying off the local mafia with 'property taxes', and dealing with weather, tenants, and zoning/code enforcement will make investing in real estate beyond personal needs a losing proposition.
I am a professional working in residential renovations and maintenance, materials and labor are becoming more scarce and more expensive, even in the best of locations. Seems to me that fiat has artificially driven real estate far higher than its actual value in almost all cases and places in the US. I'd suggest stacking your sats iin the US while the 'getting is good' in order to eventually pay 'cash' prices for real estate in what appears to be the new 'land of the free', South of the border in Mexico.
I do like the idea storing the FIAT needed for taxes in the form of BTC - Its just hard not knowing exactly how Ol' uncle sam is going to treat the taxes on the sale of that as well as the volatility of BTC's value in FIAT terms right now makes it a little more uncertain when it comes to pay the extortion fees :)
Guess I have some math homework to work on :)
As for real estate investing becoming obsolete....I believe we will always need other people providing housing to others and as such there will always be a value to it... Given your profession, you understand as much as I, that there are people that simply do not know how to fix their toilet or leaky faucet.... Just as much as I couldn't fix a plane or space ship, but I like flying and would enjoy going on a space adventure someday...I would be willing to exchange "value" with someone that provides me with that opportunity.
Of course the value currently stored in real estate will be extracted over time as more people utilize Bitcoin to store their value....There will be an equilibrium developed over time but the initial transition is likely to be a bit chaotic...I tend to think there will be markets that will crash hard, markets that move slower, and probably some that don't budge much as they are in desirable areas or markets?
No matter what happens though - I know earlier bitcoiners will benefit more on a percentage basis but it will continue for a long time to come...
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