Oddbean

Real estate investors are beginning to wake up to the fact that their assets have been plummeting in bitcoin terms. This is a big step toward hyperbitcoinization. Real estate as a store of value doesn't make sense in a world in which bitcoin exists. https://www.tftc.io/real-estate-in-bitcoin/

Definitely agree in general. I would add, as an investor in both, having others pay down the mortgage on property/housing that I may someday utilize, or others in my family way wish to use, is valuable in its own right. For this reason, real estate offers an interesting alternative investment category within “hard assets”. Major caveat- much of the benefits of real estate investing accrue from how the tax code is written, while the benefits of #bitcoin are embedded in the protocol/network. And those fuckers are gonna slowly but surely change the tax code.

Everyone complaining about housing affordability, just wait till they find out no one will subsidize #Bitcoin for them. And I say that as a veteran with a VA loan. nostr:nevent1qqsqgwvfr53h9qvj66hrtyfly64knakz235f5qddlykzrzw903lw2tspr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8srqsqqqqqpw8f059

I agree with you totally but you should see the real estate prices in Canada.. still going up even as mortgage rates go higher! It makes no sense... But neither does Canada, its politics, nor its ill-informed & cognitively dissonant population..🙄

Yes. That said, … (brace yourself -unpopular opinion(?) … Individuals often have unique and numerous Motivation for purchasing real estate and perceptions of what ‘ investing’ means to them. At this moment in time it seems that it it is mutually beneficial to both Bitcoin (increase in adoption/distribution) and real estate (efficiency of foreign/domestic transaction/diversified escrow options etc) to view these two fields not as divergent competitors, but as opportunities to improve and advance both realms. PS People can Hate on me all they want, 1. I’m not disagreeing -simply suggesting shift the viewpoint. 2. I’m not attached to the things I say…I say them to expand my perspective/understanding, engage In dialogue and maybe move the needle. 3. I don’t care if you like me or hate me … Buy bitcoin, save Bitcoin, transact with Bitcoin and invest in your family and the lifestyle that meets your unique needs and vision.

Once people realise how liquidity works this is only going to escalate. ‘My beautiful house in an obscure location is worth tons of money!’ - good luck waiting for that perfect buyer and all those middle men fees. I could sell my bitcoin to a stranger on the other side of the world right now. But I won’t 😛

Great stuff and amazing to see the realization hit. He does make one mistake though, saying that real estate rises in value because of currency debasement. He's conflating value and price, something even Warren Buffett figured out. I address that exact point in relation to real estate in a recent post. "Second, just because houses are rising in price doesn’t mean they’re rising in value. It’s a simple concept, but one most people miss. Like Warren Buffet says, price is what you pay, value is what you get. If you buy a house today for $400,000, and in 10 years that same house sells for $700,000, how much did the value of the house change? The price went up, but the house is still the same house in the same location, it’s just a decade older. And a decade of wear and tear is a decrease in value, not an increase. Think of it this way. You can sell for $700,000 and you have $300,000 of “profit”. But if you want the same house back, you can’t buy it for $400,000 again and pocket the $300,000. You can only get the same house back for the full price you received. You haven’t increased your purchasing power at all in terms of housing with that “profit”. Your house hasn’t become more valuable, your money has just become less valuable when measured against houses. In that sense, you probably can’t increase your purchasing power by buying a house to live in, but you can at least avoid losing purchasing power. If you just save money in the bank to buy a house later, house prices will probably rise faster than you can save. That’s especially true if you’re paying rent at the same time. At least with a mortgage, if you pay long enough you own a house eventually. You can pay rent your whole life and you’ll still own nothing at the end." https://open.substack.com/pub/f0xr/p/the-mortgage-cheat-code?r=3i492j&utm_campaign=post&utm_medium=web

My dad recorded this commercial for us last time he visited. He's been a realtor all my life and even he is advising people to buy #Bitcoin instead of houses. nostr:nevent1qqsqv65g00cnc0lgwkp09etru0ltx6lxawaw8ydespv6gegp75mzslqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsd90dkhlct3ltcwj3dwxnnqle4rxpcpfvqx87w2xnufxp254xgvfcrqsqqqqqpj3ve8l nostr:nevent1qqsqgwvfr53h9qvj66hrtyfly64knakz235f5qddlykzrzw903lw2tspzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyprj73q098hejm5j5xrt35eqluvqep2eqwyzukw4phsm302kdycpuqcyqqqqqqg2wcpkc