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69 sats \ 2 replies \ @BitcoinIsTheFuture 9 Feb 2024 \ on: Do you own your home? econ
Yes. I need a place for my family but it’s a BAD investment, don’t be fooled!
I priced out my house and then the value it went up in fiat price (68% increase since we bought in 2015), BUT adjusted for inflation only went up 10%, AND that is offset by taxes, repairs, maintenance, time, etc. So I’m net negative %25 in real terms. NOT up 68%.
Now compare that to if I had that money in Bitcoin. Bitcoin was up 19,000% since i bought in 2015!!!!
Note: I used 25% as the cumulative fiat inflation rate since 2015. In real terms we know it’s even higher than the government numbers
You would have needed to pay for rent though (of course in retrospect you may have chosen a tent and Bitcoin rather than rent and no Bitcoin)
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Rent is WAY cheaper when looking at total costs. Repairs, taxes, etc
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