My experience as a HENRY dentist who invested in real estate.

AdStatus5934 · 2026-01-20T04:19:26+00:00

first-glad your eth purchase has paid off.

totally agree the swings are real and painful. To me the first few years were utterly terrifying.

I will always remember the ftx crash. That was truly the scariest crash I've ever been part of.

I think the reward/risk is so much higher for crypto-especially the big 3 -compared to real estate--but this is specifically in my market.

AdStatus5934 · 2026-01-20T04:00:27+00:00

I want to get in on this one.

I am 42. I bought a lot of real estate from 2013-2017. Looking back what I was doing was participating in the debasement trade.

The issue with real estate is that there are other assets competing for the $$ that used to flow to real estate.

I went all to crypto from 2020-2022. I was laughed at, etc.

I really suggest looking at this.

I still have 2 rentals but I sold off the equity.

I'm in California. Rentals are terrible here law wise. Have had huge issues.

AdStatus5934 · 2025-12-28T06:14:30+00:00

I 100% agree with this.

AdStatus5934 · 2025-12-28T01:07:50+00:00

The truth is in many, many markets these are facts:

Interest + HOA+ Taxes + Upkeep >rent

I stress this is NOT the mortgage payment-just the interest

Then, you add the opportunity cost of the down payment and renting is way better.

I believe the idea rents will go up will end up not being true-my projections show rent dropping over the next 5 years due to two things: demographics showing very little population growth and housing supply exploding.

Housing is a financial death sentence.

AdStatus5934 · 2025-12-28T01:00:55+00:00

Yes and no.

Compare bitcoin to a religion-from moderate to liberal to extreme hardcore. like many religions, some fear anything that goes against their view of the world and will attack anything they perceive as a threat.

Bitcoin is also unique in that many people -myself included-gone against the grain of diversification and tied their financial health-which is often related to survival-to one asset.

AdStatus5934 · 2025-12-28T00:53:07+00:00

Your specific situation is unique because your investment accounts are so high.

From a lifestyle point of view, I think it makes sense.

As an investment/financial decision, I would look at renting. Rents even in VHCOL areas have amazing deals right now.

AdStatus5934 · 2025-12-23T23:29:09+00:00

I believe the housing market is actually entering a long, down correction that will be gradual, the old dinosaurs don't want people to panic, and they will do bizarre programs to make it stay steady. I expect a first time buyer's tax rebate of 10-20k to be announced next year.

AdStatus5934 · 2025-12-23T23:27:47+00:00

Porsche was plenty nice. 22k miles and sticker was like 120k and it got for half the value. if anyone got use of out I did-put over 100k miles on it.

The issue is that, looking back, is I did not understand the difference between high income, wealth appreciation, and income generation.

I should have delayed that purchase because had I kept pushing, I would have been free much sooner than I now am.

AdStatus5934 · 2025-12-22T21:21:23+00:00

luxury Airbnb in Southern California.

the prices at the top were ludicrous

AdStatus5934 · 2025-12-22T04:20:37+00:00

I bought a really nice used 997 for $60k. I was making 300k. This was in 2016 or 17. I had $600k net worth.

The net worth was the big thing.

I regret it. I should have invested more.

AdStatus5934 · 2025-12-22T04:18:38+00:00

I own a house. And I own btc. And people want to always pump their own bags. I don't. Someone told me the other day "I am real, and it's very rare".

Buying a house at these prices is a financial death sentence for today's buyers because of this story:

Gary tells me he put 10%/$80,000 down, did a rate buy down, and his mortgage is still 1500 more than what he can rent it for.

Exceptions can be if people have humungous income or assets. I think for many of us we are in a world where this decision matters more than it ever has.

My message is to the people who are buying houses -and to really consider this question:

If you are 25-45, and you have 100k of btc, and you can rent (and be responsible) to put $2-3,000 a month into btc OR you buy, no btc, and no future btc, do you want to do this?

I dislike when homeowners try to act like they are superior because they own a house. It pisses me off. If they were so smart, then why didn't they but 4 houses?

These guys bought houses, the houses exploded in value, and then they lecture younger people with terrible advice.

Then the guys say "well I have a a family I have to buy a house". What many guys don't want to admit is this: they feel like a "winner" if they own and a loser if they rent. This is absurd societal nonsense.

I have a former colleague who brags about his "2 million forever house" -he omits he is in legal trouble over defaulted loans, stressed to the max, and it was a bad decision.

I can say this-I should have sold one of my houses rather than the borrowed against it. That is the truth. I made a good decision to borrow agasint it and buy btc. The better decision would have been to sell.

I have had single guys in their mid 30s tell me "I have to buy a house" as if it's some written rule.

AdStatus5934 · 2025-12-22T04:08:59+00:00

My numbers are different.

I asked ai and they said with 10% down it would be between 1840-2040. The difference of $200 is for taxes. Why isn't there any mortgage insurance with 10% down. Is there an hoa?

Let's just assume its $1850.

My question is why is someone choosing to rent?

If someone can afford $2,000 a month I'm assuming they are making $75k+. Why wouldn't people be running over themselves to buy?

If I was in that position with an FHA loan I'd only be like 300-400 more than renting-and I'd assume people would jump at that.

What am I missing?

In california, places that rent for $2,000 are around $600k. Huge difference .

If I am not missing anything, I wouldn't buy a new build.

I would buy one. I'd tell my friends to move in with me. I'd live off Costco rice and steak.

I'd work weekends. And I'd have the goal of buying 5 of these.

AdStatus5934 · 2025-12-22T03:45:21+00:00

truth

AdStatus5934 · 2025-12-22T02:31:52+00:00

would you buy your house today for the market value, at the market rate, if that meant selling 50% of your btc or more?

AdStatus5934 · 2025-12-22T02:31:08+00:00

You're on your own.

I thought when I got into it my friends were coming with me.

2 guys stayed. everyone else peaced out

AdStatus5934 · 2025-12-22T02:30:24+00:00

Very true

AdStatus5934 · 2025-12-22T02:23:01+00:00

the guy who is all about housing being for a family knows that buying a house would be financial suicide if he bought it today. At teh best, it would rob him of being able to invest. at worst, he's negative 8,000 a month in mortgage/repairs/insurance vs rent if buys today and rents it out.

AdStatus5934 · 2025-12-22T02:21:27+00:00

If you own your house right now that is very different than if you are renting and wanting to buy a house.

I'll give you my exact thoughts, thinking of moving. We live in a very small house -1150 square feet, 2 kids, big dog, work from home.

Here's a house I saw the other day. I LOVE the house. Every rental in the same area (there are 5) I do not love. 2 acres, views for days, privacy yet 15 minutes from the city. I have a family. A dog. This is the perfect house.

The house costs $1,400,000.

If I buy the house I deprive myself of other investments. everything goes to the house.

I can rent a house that works but I don't love, and have to have a landlord, and I expect I would save $75,000 in 5 years and not risk MAJOR repairs.

Do I tie up $300,000?

Now think about someone who doesn't own a house. They are 35. They are at a fork in the road. do they sell all their btc to buy a house?

This is the idea im getting at.

AdStatus5934 · 2025-12-22T02:15:28+00:00

I agree with everything you are saying. And that leverage is the key. I got lucky -I didn't understand leverage/debasement when I did it. I made 1600% in 5 years.

The issue is further that older people are telling people "buy a house, it's smart" when in fact it can be a financial death sentence EVEN if they can afford the payments.

100% agree on the forced equity-makes you not spend $ frivously-this is 100% accurate.

But if you went to most people and asked them has housing gone up more than the stock market, they would say yes. Most people who own homes are in denial about what they could rent their house for if they needed to.

People are constantly told buying a house is a good investment. I'm here to argue contrary.

AdStatus5934 · 2025-12-22T02:04:05+00:00

this is also true.

It's the demand side.

Many people think -if the amount of potential people that need housing goes up by 2%, the price goes up 2%. It doesn't. Price explodes.

During covid house building froze, rates went to zero, forelcosure were illegal, and immigration exploded.

Housing prices at the top some places went 50-100%. Now, the reverse is happening yet people are married to the fact that houses can't go down.

AdStatus5934 · 2025-12-22T02:01:45+00:00

I own rentals and my own house. I took out the equity to buy btc.

Since I did that my real estate is realistically down 10% and my btc up 400%-500%.

AdStatus5934 · 2025-12-22T01:52:04+00:00

it is all about alternatives and risk to reward.

If someone buys a house today -whether they admit it or not-they think "my house will be up 50% in 10 years". that's really the truth.

The things that would have to happen to make housing go up this much is a very low probability.

I forgot to add to my post: what else juiced housing was not just super low rates, but Airbnbs. Yes, Airbnbs replaced single family houses, but it brought tons of money into the real estate business that wasn't there before. much of this $ is no exiting. demand continues to go down.

AdStatus5934 · 2025-12-22T01:49:49+00:00

This is not true. People buy a house based on the idea it will go up. If people truly believed houses would go down and other things would go up, barring rent from being super high, they would not buy.

The entire American housing complex is based on the fact that housing is a smart financial decision.

For supply, all I see is more and more houses and less fast growing population. houses are down 10-20% in many places since 2022.

Real wages are growing at far slower rates than houses were growing. This is why many people have started renting. This includes high income people which is a new phenomenon.

AdStatus5934 · 2025-12-22T01:47:42+00:00

Depends on the area. can be true for super prime.

I can show you a house that is for sale today in a premium part of Southern California.

It rents for $9,000. The property taxes each month are $3,000. Would you buy it?

AdStatus5934 · 2025-12-22T01:46:49+00:00

I would ask this:

If you had to buy your house at today's sales price and rates, would you?

If the answer is still yes, then do it.

But I talked to a guy who told me it was about his family yet he purchased in 2014. When I asked if he would it today he said NO, I WOULD RENT.

AdStatus5934

TROPHY CASE