Post
Topic
Board Bitcoin Discussion
Re: Why buying a home is usually a terrible investment (vs buying bitcoin).
by
Iranus
on 07/09/2024, 12:24:38 UTC
Owing a house is just a status thing and doesn't make great financial sense. For those who will be scandalized that I see it from this perspective, they should evaluate the cost of buying a house and then check what it would take to pay rent on that property and see how many years of rent that can get them to that amount. It normally runs into years that even the homeowner may not be alive to see. Now, consider putting that same amount of money into business and see how you will easily pay that same rent from the huge profits made. I'm not even talking about Bitcoin investment, but any well thoughtout business.

You've thought about running a business and using that profit to rent out your home, so why not think about owning real estate and renting it out to people? Isn't that business? The advantage of real estate is that you can earn passive income every month and the value of your property increases over time. Do you know any business model that brings in 2 sources of profit like real estate?

Real estate is also a form of business and is considered the safest form of business today. If you follow some economic reports, you will know that real estate is the most popular form of business for billionaires and I think there must be some reason why they do so.

Besides, owning a property or a house is not only for business purposes but also for the stability of your family. Do you want your children to have to rent and move constantly throughout their lives and disrupt their lives? Do not deny the importance of owning a house whether for business purposes or to serve our lives.