Buying property as an investment when bitcoin exists is certainly a poor choice, but in the post I referred to you speak about purchasing a home, which is a different calculus all together. 

 Also, a depreciating CAGR is not included in the analysis, this seems like a straw man argument.

a more realistic analysis is not purchasing a triplex investment property but just leveraging oneself to buy a home and then proceeding to lump sum your cash after the mortgage comes through, servicing the mortgage at minimums while continuing to DCA, and possibly leveraging appreciating home values by lump summing that into bitcoin when possible vs renting over 30 years. 

 The scenario I chose was based on my current situation. Single man that wants to leverage real estate. A triplex allows me to live in one of the units while renting out the other two.

Idk what a depreciating CAGR is but it seems like you’re talking about how you can depreciate the value of the property for tax purposes. Even if you took that into consideration, I don’t think it would close the 72 million dollar gap between you and the renter who bought Bitcoin instead of a house.