Why buying a home is usually a terrible investment (vs buying bitcoin).

[add1ct3dd]

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.

[syedakhlaque]

Although the real estate business may not be so suitable in the United States, it is not the case that this business is not profitable in other countries of the world. Especially Asian countries including Pakistan, India and Bangladesh etc. This business is quite profitable. People buy and sell property and earn huge profits. But it requires experience.
But on the other hand, Bit coin trading also involves experience and constant hard work and study. And people do successful business through crypto currency too.

[Abu-Naim]

Although the real estate business may not be so suitable in the United States, it is not the case that this business is not profitable in other countries of the world. Especially Asian countries including Pakistan, India and Bangladesh etc. This business is quite profitable. People buy and sell property and earn huge profits. But it requires experience.
But on the other hand, Bit coin trading also involves experience and constant hard work and study. And people do successful business through crypto currency too.

You are right. If real estate is not profitable in some part of the world, it will be in the other parts, which is right, and generally it is usually profitable in almost all part of the world because people would live in a shelter, and they will either buy or rent one which is why real estate will always remain profitable despite the economic situation.

Bitcoin on the other hand is also profitable, and it is a store of value which can help you against inflation.
Bitcoin investment gives you total privacy, no one need to sign for you to own Bitcoin, it can be with you for long and no government will ask you for revenue or task for holding Bitcoin because they don't know if you are holding one or not. With Bitcoin Investment, you will have financial freedom, and if you didn't tell anyone about it, you will be fully secured because know knows you have such huge amount of money; while having land or house property expose you to some security threats because people will definitely expect you to have money.

[bakki7]

Bitcoin is the biggest game changer in the financial sector ever, I believe investing in BTC could make us much richer than other traditional markets.

[asriloni]

It would to be right if you mention it as home property.

I understand that, when you have no property (a house), you buy one for yourself. It's still called a liability.

Also, if you own more than one property, like a house and an apartment, I never consider them to be investments. They are still liabilities. This was because i was seeing them from business standpoint.

It's totally different from the commodity Bitcoin, which we can trade to store value.

[Nothingtodo]

Building a house is a basic need to live in. Since house is necessary to make life better, I don't think building a house is an unreasonable plan at all. After building a house one can invest in bitcoins if there is a desire.  But it is reasonable to invest in bitcoins in house modification but I would definitely prioritize building the house first to maintain the lifestyle.

[nullama]

Building a house is a basic need to live in. Since house is necessary to make life better, I don't think building a house is an unreasonable plan at all. After building a house one can invest in bitcoins if there is a desire.  But it is reasonable to invest in bitcoins in house modification but I would definitely prioritize building the house first to maintain the lifestyle.

Yeah, that's the main thing.

You need to live somewhere, so that is going to be a thing that you will always be paying for if you are renting.

If you own your home you will still need to make some small payments but nothing compared to rent which will continue to increase forever.

Also, you can't be kicked out of a place you own, whereas with rent you can be.

[tread93]

Buying a home today is not nearly as good of an investment as buying a home was 6 or 7 years ago. Also, if you would have bought bitcoin in that time frame you would be able to buy that same home and still own a ton of bitcoin. Its really a crazy thing to think about. The thing is that usually when you buy the home you go into debt so the money you put down on the down payment is really what you would have to had invest and your quality of life wouldn't have been as good probably, but still probably would be able to pay for it and still have some left over if you had.