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Skadonger
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Skadonger
@cantstopeatingg
Our brains are both our greatest asset and our worst enemy.
United States Katılım Kasım 2016
338 Takip Edilen236 Takipçiler

$625k home
20% down-payment
$500k mortgage
With a 7% interest rate and a 30-year term, you are paying $697,544.64 in interest.
The $625,000 house cost you $1,447,544.64.
This is equal to a $4,021 monthly rental payment, plus you pay for maintenance and repairs.
Houses cost so much because people can borrow money that’s created with the press of a button to buy them.
If everyone had to pay in cash for their home, prices would drop significantly.
Most people think mortgages are designed to help them.
But NO.
Mortgages are designed to earn profits for banks.
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Nothing about 2019 lines up with where we are now. There were no spot ETFs, no institutional allocation, no daily flows eating up all new supply, no clear regulation, no corporate or sovereign buying, and the macro backdrop wasn’t even close. The structure of the market today is completely different from anything we had in 2019.
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@JamesWynnReal When 30-year mortgages showed up in the mid-1900s, everything took off. Housing demand exploded, the economy ramped up fast, and the markets ripped afterward.
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@brandonturp @THEF00LZER0 This is Bitcoin maxi nonsense. You can buy a house to live in and still invest in Bitcoin at the same time. That’s the responsible approach. Anyone saying otherwise is just talking their book, or worse.
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@THEF00LZER0 Rent and instead put your down payment towards BTC
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@brandonturp If you’re talking about an investment, I can see your point. But if you plan on living in the home, buy it. Promoting renting for 30+ years is irresponsible.”
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@dotkrueger Salesforce is not in trouble. Anyone who says so is not a user of it.
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@cantstopeatingg 3x on the downside, 2x on the upside
move the window to 5 day, 10 day etc all way undereperf since starting ATM insainity
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