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0 sats \ 0 replies \ @Ov1 23 Aug \ on: "Housing prices are not high by any historical standard" - evoskuil econ
My comment on earning my rent in 3 days 30 yrs ago wasn't based on somewhere in the middle of nowhere. Many of you may be familiar with the cost of housing these days in the Austin area. For those not around in the 90s, let me give you a glimpse of what life was like there and then, that no doubt contributed to "Keeping Austin Weird", as we had more time, attention, and resources to devote towards being creative.
The rent for a 3 bedroom, 2 bath house with a 1/2 backyard that went down to the Colorado river, located 2 miles from the Capital Building was only $695. My girlfriend bought the place my friends and I had been renting for only $80k. I didn't want anyone else to rent the 2/1 house next door I rented it for only $500/month so we could have adjoining patios in the back all to ourselves. I was earning $25/hour (in cash with no taxes taken out) working for myself as an independent green building contractor working on cob/super adobe houses, ferro-cement cisterns/ponds, and biodynamic tea fertilized wicking beds. So my rent for my half of the house at that time literally took only 10 hrs of work each month!
How different can you imagine your current life would be IF you could cover your housing costs in less than 1 1/2 days of labor, doing fulfilling work for good people while owning my own schedule and being challenged mentally, creatively, and physically..?
This IS the lifestyle that the money printing over the last 30 yrs has stolen from ALL of us. What I did NOT have back then, was hope for escaping the rigged game I knew I had been born into, OR a means of saving my surplus savings, energy, and time with protection against it all being stolen by the Government/Bankster Cartels. For those of you in your 20s and 30s today, it seems foolish to overpay for your homes that have been inflated in fiat prices due to the monetization of real estate. What you DO have today is hope, hard money, and an intellectual advantage over your peers who do not yet understand that the fiat Emperors Are Naked, with the fiat cloaks exposed as the illusion of wealth they are by Bitcoin!
So work hard, live simply, stay humble, and stack sats my friends. Because 20 years from now you will be FAR better off than your Boomer parents and grandparents with their overpriced dog houses are now. Their over-sized and under-built houses, fixed fiat incomes, and permissioned retirement accounts provide an illusion of wealth, while your self-custodied UTXOs provide the real thing. They are "house slaves" living in gilded cages falsely believing they are smart and free, while you are still early in the untelevised revolution of the entire monetary systems able to front run the money masters leaving the fiat plantations behind to build your Bitcoin Citadels where proof of work reigns.