55 sats \ 3 replies \ @grayruby 30 Apr \ parent \ on: How Bitcoin improves Real Estate for those that actually use it bitcoin
Already seeing the beginnings of this in Canada. Foreign buyer tax, vacant home tax, luxury property tax, land transfer tax, increase in capital gains tax and changes to inheritance rules. This is just the beginning. They are going to bleed every cent they can out of people's net worth.
In my mind when comparing bitcoin, gold, and real estate I separate state blood sucking from legit cost of ownership. Land is usually going to require maintenance unless it is undeveloped or wild land. Gold requires security as does bitcoin but bitcoin security is far cheaper and less trust is required. Its the superior asset. And on top of that you can take it anywhere and transfer it globally with no third party. On top of that you can use it as currency. Its quite amazing. I think even if it just killed fiat and all central banks had to peg to it we'd have a huge win for mankind. But it won't stop there.
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