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investment real estate is a shitcoin

- can be rugged by local governments incredibly easily
- lack of liquidity, hard to buy or sell quickly
- overvalued due to decades of people trying to escape the losing purchasing power of their shitty money
- will trend to zero when priced in bitcoin

owning your own land is the exception - can still be rugged and will also lose value over time but can provide significant benefits for family security and well being

5726❤️80🤙85💯2❤️1👍1🔥1

Mark Sea · 151w

NYC mayor literally floating the idea of forcing residents to shelter the homeless and immigrants. Even primary residence in this country is a shitcoin, albeit a necessary one for many reasons including one’s you provided.

GameBoyBTC · 151w

In real estate we are usufructuaries as long as the State does not allow them. A "private property" that depends on the permission of a third party. In short, a Shitcoin. #Bitcoin comes to change the rules of the game by giving us an absolute private property (if it is used well in a self-custodial ...

MAHDOOD · 151w

The “government’s right.” https://nostrcheck.me/media/public/nostrcheck.me_8746835271623371331690644505.webp

Deleted Account · 151w

How about rental cash flow every month?

Priced in fiat Property tax Eminent Domain Impossible to secure against attack Public ownership record Illiquid

Yes, also depends on your jurisdiction. If you live in the US, much less chance of being rugged on your real estate if you live in say New Hampshire, than if you live in California.

aka "it's bad except when I do it"

Catty_McCatface · 151w

As we are finding out in my country now where they amended our constitution to allow expropriation without compensation for the “good of society” of course. Closer inspection reveals it’s not just immovable property it can be any asset that’s for the “greater good” #Bitcoin can fix this

Realtor here. Primary residence- Not a scam Investment properties- Stupid when you have bitcoin as an option.

Bitcoin Physician · 151w

I have been thinking the same as well. Just harder to justify in a world were you can just buy Bitcoin. Too many attack points these days. Just need the minimum that will make you happy not more. #Bitcoin

Just see what Dan Held says and then do the opposite. Friggin’ Dan Held.

If you are on the opposite of Dan Held you are doing it right.

Wow, those are some insights in your face. Would it be different if there was very limited or no money printing?

The Big D-Base · 151w

Matt is correct. I've made a living constructing and investing in residential and commercial real estate. The investment thesis is eroding due to Regulation, Taxation and Inflation. Governments are and will continue to price fix through rent controls and manipulated cost of capital. Property own...

Matthew · 151w

It's a shitcoin, but one of the least shitty shitcoins.

Andy Flattery · 151w

Land will also get repriced

twentyone · 151w

#[1] all the things you say are true. And tax rates can increase at a whim and they will gladly just take your land/house from you if you can’t afford the taxes. I try to explain these things to normies and they look at me like I’m crazy. I also tell them that being a home owner just means y...

Frank_Has_Laser_Eyes · 151w

instead of burning down all of the forests in Canada, you would think that they could use those trees to make boards to build homes and lower the prices. But we all know that's the last thing they want to do, lose their hedge against inflation.

Totally agree with you

makes perfect sense though

sms from Spooner · 151w

I agree RE is a shitcoin, and land is no exception; not only can it be rugged, but only local government gangs actually “owning” ALL land on this planet. “Property tax” is really just a longterm or perpetual lease payment, and the ultimate Blue Check charge. Easy to prove to yourself just b...

Ulrtamassive · 151w

Don’t forget the rent you pay on your property when it comes to real estate. TAXES

dustygrooves · 151w

Selling our investment property as we speak. Straight to BTC.

prepare to jibe · 151w

I think real estate is never really owned. It is rented from the government. So, not decentralized and arguably a shitcoin. But it has reasonable governance and you can apply force to it. Meaning there are rules and you can work to improve a property. I can’t make shares of apple stock better, bu...

Proof Of Dad · 151w

The key to real estate is have other pay off your hit coin , then flip it to a hard money

BforVictory · 151w

Investment real estate has become even more of a shitcoin in the UK recently due to increasingly onerous government legislation relating to the buy to let market here. Huge numbers of landlords are selling up as it is just not financially viable or worth the hassle any more. A useful reminder that...

alCKemy · 151w

I think the exception is not owning your own land, but owning your own homestead. https://www.thesurvivalpodcast.com/tsprw-67

nicnym #BIP-110 · 151w

Txxiter is a shitcoin

亮亮的星星 · 151w

It keeps depreciating in China, and the government and banks can't save it

npub1pl4qpkzdff3weqqv2qm3fcjm0hd00pak2hvddp67q9jjkfrjr49sesuk3m · 151w

what if you're using it to house opendimes and crack cocaine? asking for a friend 😅 🤙

Change this if you want · 151w

Real estate is shitcoin! My parents bought an apartment in Kyiv in 2014 for $60k, now they cannot sell it even for$35k, because the war! None of us can be protect against government and their stupid decisions! #Bitcoin is a safe haven!

mcshane · 151w

agree. investment with its own particular risk profile but under the right circumstances it can be a beautiful thing that serves a family for generations in the best cases. great way to optimize freedom, though on the other hand the renter‘s ability to up and dip is a form of freedom too. to each ...

Yes. Any home outside of your primary residence is a shitcoin

Lorenzo Rey · 151w

Most real state investment is people getting loans from the bank which is printing money to get the property.

saltysat · 151w

Yes. As anything that matches the rule: if the value of the asset is determinable, to the prevaling degree, by a action a of a certain willful entity, it is indeed that entity’s shitcoin.

VikiSecrets · 151w

haha, depends on the location, location, location.

₿itcoin Serbia 🇷🇸 ⚡🚀 · 151w

Dan Held is a shitcoin. Or better - shithead.

Hypnagog · 150w

The truth of this comment is heavily based on location. While true that there is no way to know how a government will act in the longterm, investment in land in a country that is receptive to your values and morals may be advisable. Its like having a stake in the development of that society. I ha...