21 sats \ 4 replies \ @BlokchainB 29 Jul \ parent \ on: Stacker Saloon
Return on rent is always -100%. Can’t live inside a bitcoin.
write
preview
20 sats \ 3 replies \ @orthwyrm 29 Jul
deleted by author
reply
21 sats \ 2 replies \ @BlokchainB 29 Jul
Hindsight is always 20/20 that same deposit could have dropped down by 50% if the bitcoin price tanked. Plus I don’t know your living situation now. When you rent the landlord can kick you out at will or put in rules like no pets that you should abide by if you wish to keep living there. When you own you have more freedom.
I much rather have secured my living situation then be happy about 500% gain on a highly volatile asset like bitcoin. So yes this time it worked out great for you but overall securing real estate in meat space is a must.
reply
0 sats \ 1 reply \ @orthwyrm 29 Jul
deleted by author
reply
21 sats \ 0 replies \ @BlokchainB 29 Jul
You only mention the downsides of real estate but not for bitcoin? All the FUD out there can become true or a zero day bug can be found. Bitcoin is not risk free. Yes having a mortgage can feel like slavery and any location in the world can be turned to shit but I still believe securing your shelter should be a top priority.
reply