money is being made in secular trends: tech and crypto.
Real estate had a nice period where the people who were brave enough to buy the crash got handsomely rewarded. For example, I bought a condo for about $300k in 2013 that is now worth $600k. I put $45k down. My ROI is $300k/45k=660%. The guy I bought it from got it at a 3% mortgage for $200k.
The big issue is that now there is no upside because if you bought it today and rented it your return would be LESS than treasuries.
The secular trends will continue to attract money as conversations continue and people start to realize their houses are not investments, but in fact prisons that PREVENT THEM FROM INVESTING.
THE BIG ISSUE IS THAT REAL ESTATE IS A BET ON TWO THINGS
printed money
lowering of rates
But, if these happen, crypto and tech go up way more
I remember as I sold my properties and borrowed against others I was called crazy. For a long time, I thought I was stupid (I still am).
However, I remember these arguments against crypto, specifically btc in general:
BTC goes up if : DXY goes down, more money printed, lower rates.
Well, rates are still high, DXY is 107, there is only a starting of $ to be printed, and it's still high.
Housing: 2 years and negative.
https://redd.it/1hjh7z3
@r_bitcoin
Real estate had a nice period where the people who were brave enough to buy the crash got handsomely rewarded. For example, I bought a condo for about $300k in 2013 that is now worth $600k. I put $45k down. My ROI is $300k/45k=660%. The guy I bought it from got it at a 3% mortgage for $200k.
The big issue is that now there is no upside because if you bought it today and rented it your return would be LESS than treasuries.
The secular trends will continue to attract money as conversations continue and people start to realize their houses are not investments, but in fact prisons that PREVENT THEM FROM INVESTING.
THE BIG ISSUE IS THAT REAL ESTATE IS A BET ON TWO THINGS
printed money
lowering of rates
But, if these happen, crypto and tech go up way more
I remember as I sold my properties and borrowed against others I was called crazy. For a long time, I thought I was stupid (I still am).
However, I remember these arguments against crypto, specifically btc in general:
BTC goes up if : DXY goes down, more money printed, lower rates.
Well, rates are still high, DXY is 107, there is only a starting of $ to be printed, and it's still high.
Housing: 2 years and negative.
https://redd.it/1hjh7z3
@r_bitcoin