10 sats \ 5 replies \ @grayruby 22 Jun 2023 \ parent \ on: What’s your best investment (besides BTC)? bitcoin
Tripled in price.
Value. My house isn't on the market so it has no price at the moment. However, my local appraisal district is all too happy to tell me the "value" of my home.
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That's fair. I just prefer to look at value on a relative basis. If something tripled in value you should be able to use it to purchase 3x what you acquired it for. If every other house went up by 3x is it really more valuable?
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The real value of your home is measured in bitcoin which means it has been adjusted down something like 50,000% since you bought it.
No problem- you have to live somewhere but I wouldn’t be so excited about fiat prices
Property taxes are theft
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The problem with this argument is that you couldn't have borrowed that much money from a bank in 2011 to buy Bitcoin. Even if you could've you'd still need to live somewhere and pay back the loan. It's not realistic to think that way.
The real value of a home is that a bank will give you a loan to buy it. This leverage shouldn't be underestimated. Yes, it comes with taxes and other downsides but it also gives you somewhere to live and build equity while you accumulate Bitcoin.
So realistically, the best strategy, with the benefit of hindsight would've been to buy a house AND start accumulating Bitcoin as savings. Not so different to now.
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That’s not really the argument I’m making but good point
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