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Bitcoin will demonetise housing and change the nature of the property ponzi. So in 2025 where there are still a lot of people who think rental property investment is a good idea, aren't they effectively holding the bag? Isn't it more efficient to rent a place, let them own the demonetising asset, and they pay for the substantial maintenance, take on depreciation and other risks - while you HODL on?

Replies (46)

↩ replying to npub17a5n...0hup
Could be saving for uncertainty in the future, career and learning opportunities for the kids, could be business opportunities in future. Of course housing is one of those things, but the point here is more like: wait until it's a very small fraction of your stack to do it, and view it more like 'consumption' or a lifestyle purchase at that time. Not as an investment.
↩ replying to 𝔼𝕣π•ͺπ•Ÿ 𝔹𝕣𝕒𝕔𝕔𝕠
it is ridiculous concept that you can own a piece of the earth, once this became a decree it caused a whole host of positive and negative consequences. This is the situation we are in. There is no such thing as ultimate freedom, there is only responsibility and the privileges that responsibility affords you.
bitcoin will not "demonetize" housing. literally nobody is making that prediction. like bitcoin, housing has value. and the whole point oc renting is indeed flexibility--in a free market, the lessor and lessee both benefit from the agreement. the lessee pays a premium for the convenience of less risk.
We’re moving towards a future where rentals will be the norm. Partly because it is a more efficient form of living partly because the gig economy will need to have people mobile. In terms of efficiency it is clear that a property owner will have better pricing for consumables as well as better incentives to maintain the building. Downside of this is that it’ll be easier to centralize control over a number of owner, from the authorities pov. Tenants will then choose the best choice for them and will have the freedom to afford a summer house, for example. Landlord will then decide whether he needs to focus on profits or service quality, based on his or hers conditions. Tenants skip the stress to owning and maintaining a property which has become almost a part time job, full time in some cases. Can’t wait for this to come about😊
↩ replying to npub1s27a...trhn
Buying a house to become a homeowner is an instant gratifying decision as the mortgage takes 30 years to pay off so it’s pulling forward the ownership. It’s a liability and not an asset. Rentals are different since that actually generates cash flows but I’m not interested in effectively an LBO when I can get 45% CAGR without property management headache
Exactly this! As someone who doesn't currently own and would need to purchase a home, just renting while Bitcoin continues to grow at 60% a year or so (baseline is 46% growth as measured in dollars), is much more desirable than sticking that money into a depreciating asset like a home. Yes, I said depreciating. Since 1960 homes have dropped from 340 Oz of Gold to only 153 Oz today. Median home prices fall in Gold terms 1.2% a year. The only reason homes are considered appreciating is because they drop in value significantly slower than the dollar and this grow in nominal dollar terms at nearly the same rate as debasement, which is much more than most people's pay increases.
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Property as an investment is probably a bad idea, but thinking your landlord is going to maintain your home properly seems like a pipe dream. Landlords suck. They're unresponsive, unwilling to spend even on repair let alone improvement. Plus they're nosey, always coming around inspecting and placing rules on what you can do. Want a dog? Gotta get the landlords permission I'm afraid. Want to build an extension? Gotta get the landlord's permission I'm afraid. Want to repaint or improve the insulation? Gotta wait til the landlord will pay, if they'll do it at all. Landlords suck.
↩ replying to npub1vdaz...7rjz
It would be interesting particularly where some renters pre-pay. You wouldn't want to discourage your renters from doing so because more money now is good. There would be really interseting dynamics in commercial long-term leases where collaborative multi-sign joint ownership of bitcoin collateral would go a long way to help renters deal with the consequences of a downturn in business and not being ejected if they can't make rent for a month or two.