Post
Topic
Board Bitcoin Discussion
Re: Why buying a home is usually a terrible investment (vs buying bitcoin).
by
Blitzboy
on 07/09/2024, 15:07:02 UTC
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Sincerely the country where I came from doesn't have this much taxation on houses and house owner, the only experience we gain over here is just buy and pack in your home after some necessary registration and legal documentations. In fact to make it very important, those who makes much more money are house owners especially when situated in developed area or in a city that is highly populated then rentage could be so expensive where the prices double over 1-3 years and even as that rents increases price and people are still paying.

What really happened is, tenant are the people who are loosing against house owner. As tenant there are some fees to be paid which includes maintenance fee unlike the cushion fee, legal/agreement fee, agent fee, and cola fee (Drinking money). All these things are what a tenant gonna pay before renting an apartment and tell me why owning a house is a bad ideas or would not benefits them, and of course whatever that made them relocate to another building or house they would still have to restart everything afresh that is why mostly in my country everyone is trying to own their own property or home to live since is too expensive to afford a rental apartment.

Investment in bitcoin is cool and this is for those who are into the digital world that knows the importance and usefulness of bitcoin, anyone who doesn't know how bitcoin works would never leave property renting to Bitcoin investment because they aren't educated on the importance of bitcoin per say. So, investment in bitcoin and housing and also cool investment and of course we don't need focused our efforts in place, maybe hold bitcoin and investment in some real estate with this we don't stressed our bitcoin holdings.
Big buildings, big money, big players. Real estate still smells, though, believe me. You pay through the nose for rent, fees, all kinds of stupidity, and what do you get? Zero. Zip. Zilch. You are only enriching the landlord. Sad!

We next have Bitcoin. Its the future, folks. Distributed, safe, and with great room for expansion. Though its not for everyone, if you're clever you will find the opportunity. The internet was considered garbage in the past. Most people lack understanding of it. Still mired in the past, they just consider stocks and bonds and real estate. They are passing up the largest wealth transfer in historical memory.

So, whats the play? Diversify. Put not all of your eggs in one basket. Sure, own some real estate; however, also own some Bitcoin. Guard your bets, shield yourself from inflation, and set yourself for enormous profits. Its about being wise and creating a balanced portfolio, not about choose one or the other.