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@ODELL 1690643418

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

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Ľḭṿḙśƫṟãɖãṁṹṧ💫#BitcoinCore · 162w

I’ve heard in most countries it’s not ownership but 99 year leases from the government for the land

Habanero · 162w

And have you seen the onchain transaction costs!

Deleted Account · 162w

How about rental cash flow every month?

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

nostrich · 162w

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...

Txxiter is a shitcoin

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

Hypnagog · 160w

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...