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@ ₿itcoin Yimby
2024-06-15 22:23:12"I'm thinking perhaps one day, I'll sell my bitcoin and pay off my mortgage" I hear through the din of a crowded bar.
It is the number one thing everyone is willing to openly consider selling their sats for - that little slice of that good American dream nostalgia: a house on the prairie, a yard, the dog, and no one to answer to. Security. The middle class of yesteryear's golden ticket to stability and prosperity. To most it's far beyond just being another financial asset- it's a tangible hallmark card vibe - something that even your mom would understand meant you got this.
So then - should you sell that risky BTC for your slice of picket fence and grass?
Not before you look at this:
Reality check: housing has been crashing for years versus BTC, and it is not even close.
So there is no second best- BTC all the way. 100% portfolio, am I right?
Not so fast. You gotta have someplace to live, yes?
So then, time to learn about the housing market, here with your Bitcoin Yimby.
I invested in housing for over a decade, flipping houses, cleaning up rentals, helping homeowners buy and renovate their homes, making plans and advising people. All that good LinkedIn-ready stuff. One thing I learned doing this: the housing market operated nothing like I had imagined from the outside- and is in many ways intentionally broken.
So let's crack a beer and vent about it. I will be writing this for Nostr, so no AI content, no googlefarming social media spam, no clickbait - just pure, unfiltered opinion: no apologies, no concerns.