kyle
29 posts

kyle
@kylekrason
HVAC - trying to figure out how to afford a house without a scam 30yr mortgage



🚨 Start pulling out cash, pay off any debt you can, cut out every unnecessary expense and redirect it to a 90-day supply of food, medication, and cash, talk with your family about an exit plan. The U.S. economy is going to collapse. It’s unavoidable.






Probability of a recession in the next 12 months: 49%



Used to I could swear by @MakitaTools Now I have bought 3 drills in as many months. Garbage. Looking forward to abusing my a new @MilwaukeeTool 18v drill



I experimented with a Bitcoin backed loan of $15 on Coinbase and I didn’t like it… Turns out when you lock up your Bitcoin as collateral and get USDC to spend you can’t sell your collateral to pay off the loan. Meaning, that you have to put more money in (the amount of the loan) to unlock your Bitcoin. So if you had $1 million of Bitcoin locked up as collateral and took out a $400,000 to spend on something else…. You’d have to put $400,000 of cash back into Coinbase to unlock the $1 million of Bitcoin. I thought you could just sell the collateral bitcoin and come out with $600,000 of Bitcoin and the loan paid off. I don’t like the process and the experiment was a failure. So I put more cash back in to unlock the $15 of Bitcoin collateral I had and took my BTC out of Bitcoin and back to the hardware wallet.






Existing home sales are already back to 2008 levels. That’s happening without a recession. No spike in unemployment. No credit crisis. No forced selling. Now imagine what housing looks like when the real economic stress begins.










