Sean Lim
9.4K posts

Sean Lim
@SeanL1M
Binance Referral: https://t.co/Jq8ZTcyxlZ

I’ll never forget this hidden paradise in Mabul Island, Malaysia 🏝️












Kenapa tanya soalan KBAT ni. 🥀

What’s the one before poor 😭😭😭







Because of soft fiat money, this is the path every country eventually takes: • Housing loans: keep citizens in debt for as long as possible • Retirement funds: delay access to their own savings for as long as possible • Income tax: take away from the middle class as much as possible We are already seeing it happen, step by step



What's happened in the mortgage market over the last four years is we had this extraordinary period where interest rates were sub-4%, so mortgages of 3.8 to 4.2, which is extraordinary over a 50-year metric. We have to remember, mortgages in America have been 7% forever, and many people bought homes or were successfully ending up owning all the equity in them at 7%. This is just kind of a financial engineering because the amount of interest you're gonna pay over 50 years, you'll never own the home. That's the problem. It's the same as renting in my view, so I don't like the idea.





















