The OP's post is full of half-truths, and therefore half-falsehoods as well. Starting with the fact that you may or may not buy Bitcoin, but you don't need it to live. On the contrary, you do need a roof to sleep under, and if you don't buy you will have to rent, and there are places where rent is worth the same as a mortgage payment. So it is better to build equity than to waste money on rent (although there are exceptions, as if you have to move very often for your job).
Take the US as an example. The average house in N. America appreciates 5 to 6 per cent per year, which sounds great at first glance. In 10 years the value of your house will almost double.
But most people don't take into account the interest rate where the average homeowner is paying approx. 6% annual interest on a typical 30-year fixed mortgage.
So the interest alone is wiping out the gains on your annual 6% appreciation. On top of that you are paying 1% property tax year every year, maintenance and repair costs, etc.
Making matters worse is that for the first ten years or so most or all of your payments are applied to the interest, so you wont have any actual ownership or equity of the home,
or very little...for the first ten years. And consider that much of the appreciation of your house is simply due to inflation. So if inflation is 5% per year then that alone is undermining your actual appreciation.
Do you know that there are people who take a 15 or 20-year mortgage? There are even people who amortize, so what you say that in 10 years you do not build equity is another half truth, and another half falsehood, as you prefer.
but don't think of it as some kind of incredible financial investment because it is not as great as you may think.
Maybe not so much in the 21st century, compared to technology investment and Bitcoin, but it certainly was the biggest deal of the 20th century, where the biggest fortunes were either made in real estate or once the money was made in other sectors they invested a lot of real estate.
In your example you have only taken into account buying a house to live yourself, which according to Kiyosaki would be a liability, but let's now look at buying to rent, if you do it professionally:
1. You can buy with very little money down and it is financed by the bank.
2. You receive cash flow from rentals.
3. You have tax advantages such as depreciation.
4. It also revaluates in the long term.
Therefore, it is a much better investment than you want to make it seem in your simplistic post.