<<  >> (p.13)
    Author Topic: Why buying a home is usually a terrible investment (vs buying bitcoin).  (Read 1895 times)
    add1ct3dd
    Sr. Member
    ****
    Offline Offline

    Activity: 698
    Merit: 271


    View Profile
    September 23, 2024, 04:18:21 PM
     #241

    As a family man with  multiple responsibilities if I compare living in a rented house in a serene and comfortable environment any house I should be renting for the next ten years the rent cost accumulated would probably be sufficient for me to build a three bedroom apartments of mine for my family that would last for the next more than 50 years. In that case I have 40years benefit of no rent paying which amounts to house-security.
     I won't have to wake up the next morning thinking of how I am going to cover for my annual rent as the year  wond down. In as much as I see bitcoin as an asset to hodl it doesn't take away the expedient of house ownership.
    I can't help but agree with that. Many people don't understand the value of having their own home, investments and businesses are indeed important to have but that doesn't mean one should spend the money they have for buying their home on those investments because the feeling of having your own house is different and only a person who has been living on rent forever would understand this and the importance of having a home where they can live without any worries or tensions.

    If I'm asked whether I would invest in Bitcoin or buy a house, I would say that if I have a stable source of income and I know I will be earning money every month to take care of my household and all the expenses and I have enough money to buy myself and my family a house, I would go for the house because I know I can invest money in Bitcoin or cryptocurrencies slowly from my income but I won't be able to easily have my own house again.
Page 12
Viewing Page: 13