Re: Bitcoin or Property? What might be the best investment?
I lived in south east asia country and mostly people will choose property over bitcoin, some reasons i've been getting after spending time brainstorming last year:
1. Most people in third world countries are old fashioned and they diligently teach their kids to believe that tangible assets are better than untangible.
2. Property has given them return and profits for longer years than a few months crypto booming which is more trustworthy in longer run.
3. With the average price of bitcoin now at $6,7k , they can have a house subsidies by the government. Its cheaper and the house certificate will be yours. Most likely it will be a remote house with only 1 or 2 room however they already have a roof to live and its better than stacking a bitcoin.
4. Comparing owning a property to live and investing in bitcoin might be a different case because you take home loan while it categorize as liabilites. In most case to compare here, people tend to take a loan from bank not to buy a piece of property to live in but rather buy a piece of land and build a few houses then they either rent them or sell them back to society so they can generate income that cover the taxes and interest.
1. Most people in third world countries are old fashioned and they diligently teach their kids to believe that tangible assets are better than untangible.
2. Property has given them return and profits for longer years than a few months crypto booming which is more trustworthy in longer run.
3. With the average price of bitcoin now at $6,7k , they can have a house subsidies by the government. Its cheaper and the house certificate will be yours. Most likely it will be a remote house with only 1 or 2 room however they already have a roof to live and its better than stacking a bitcoin.
4. Comparing owning a property to live and investing in bitcoin might be a different case because you take home loan while it categorize as liabilites. In most case to compare here, people tend to take a loan from bank not to buy a piece of property to live in but rather buy a piece of land and build a few houses then they either rent them or sell them back to society so they can generate income that cover the taxes and interest.
Their argument is, rent a smaller and more affordable property at a lower monthly rent as what you would have paid on a big house and invest the "savings" into high risk investments like Bitcoin.
They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea.
Its true that home owner still have to pay for maintenance of property but if we have 20 property and only 1 house to live in, then all i need is just to spent maintenance for 1 and leave the other 19 for investment, either by cutting the electricity or the water run in those property. I don't need to spent maintenance if there are nobody living in the house right? They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea.