After entering the crypto world, my mindset in asset management has undergone a revolutionary change, with an almost obsessive pursuit of opportunity cost and optimal paths.

Today's topic is: a house is an NFT, do you think renting or buying a house is more cost-effective?

Take the discussion about buying a house that I just had with my friend and the one I had earlier with my mom as an example. I believe that a house is purely a consumption item and cannot be considered an investment. From a traditional perspective, a house is an asset and a necessary consideration after capital withdrawal.

However, from my perspective, it will take a long time for the housing market to reach a turning point, so before that, houses should not occupy too much liquidity, especially non-essential housing. My definition of non-essential housing is that it considers not only comfortable space but also larger surplus space, prime locations, and even several vacant properties, etc.

Consider US Treasury bond interest rates around 4%:
- A house worth 10 million can lose 400,000 in interest in a year;
- After ten years, a loss of 400万利息;
- And if you rent a house worth about 10 million, with a monthly rent of 10,000, over ten years it's 1.2 million——>
Overall, renting is much more cost-effective than buying.

As long as modern people do not have the need for childbirth and buying a house, the money earned from normal work is generally enough to spend. It’s just a matter of being able to accept or not; as long as you can accept it, buying a house before achieving enough accumulation is just a false need.