Post
Topic
Board Bitcoin Discussion
Re: Why buying a home is usually a terrible investment (vs buying bitcoin).
by
nullama
on 17/09/2024, 10:44:31 UTC
~snip~
I think that the reasons that you've given here for owning a home is good enough to see it as a good investment, that is asset that you can hold and pass on to your other people. Taxes and mortgages on homes varies depending on the location and country but for most places mortgages are not meant to tear your pocket, even when you pay the tenament rates to the government the house still belongs to you. Remember that if you don't live in your own house you'll still need to pay rent which is not cheap compared to taxes and mortgages. Having a house as an asset doesn't stop the person from investing in Bitcoin, you can decide to use huge amount of money or the amount that you can afford to loose to DCA and hodl Bitcoin. Bitcoin is a volatile asset and that means that it has a season when you can sale and make profits but real estate always appreciates in value no matter the season.

It clearly depends for each person, but I think that owning your own home makes a huge difference when you are older.

Sure, while young you can do anything, rent, move around, couch surf, do whatever. But good luck after you are being kicked out of your rental at say, 70. That would suck.

Also, the amount of money you would be saving by not paying rent is massive. Night and day.