RED

@based16z first step before claiming fees on their bags token

Great to see Anthropic open sourcing Claude Code, huge step for the community and open models!

@Minority0pinion @TheRavenScalar @rushicrypto essentially

@missingno1017 @TheRavenScalar @rushicrypto Being a landlord netting $200 a month looks great until you get a judgment proof tenant who doesn't pay rent for 6+ months and trashes your property on the way out after you've spent $10,000 in lawyer fees.

Just realized something that honestly made me stop for a second… $2,000 rent a month. That’s $24,000 a year. Stay there 5 years… that’s $120,000. Gone. No ownership. No asset. Nothing to show for it. Just paid to exist somewhere. That’s actually insane when you really think about it.

@herbiehancock22 @rushicrypto that's not a bad deal, interest rates are less favorable today though, might not be replicable

@missingno1017 @rushicrypto The total I’ve spent over ten years is $240k. If I sold today I’d get every penny of that back + more. So it’s been free for me to live there.

@Bushwood__CC @ND_DaD701 @MaxYield100 @rushicrypto key here is there are other investment vehicles, performance may vary

@ND_DaD701 @MaxYield100 @missingno1017 @rushicrypto The money he saved & invested may pay for his rent and a vacation or two🤷🏼‍♂️ Each to his own there is no right or wrong. Owning definitely puts you in more control of your surroundings and that’s a personal preference.

@Bushwood__CC @ND_DaD701 @rushicrypto very true, I have intimate experience with this matter

@ND_DaD701 @missingno1017 @rushicrypto It really just depends and a personal preference dependent upon one’s lifestyle. Very few keep an accurate accounting of the massive amount of money spent to maintain a home for 30 years when calculating their “profit”.

@AddictedHoosier @rushicrypto thank you for your contribution

@missingno1017 @rushicrypto Yeah owning is the worst i bought mine and paid all of that mortgage expenses and out money into equity and then 5 years later it sold for $400k more than I bought it for.

@ND_DaD701 @MaxYield100 @rushicrypto not financing banks/bankers does bring joy, now if i could get the government and insurance out of my pocket...

@missingno1017 @MaxYield100 @rushicrypto Hell yeah good move

@TheRavenScalar @rushicrypto they're slandering me (a cash buyer) for not getting it. I've experienced the brunt of this stuff and then they are arguing like 'become a land lord and it's tax deductible / ppl pay your mortgage', im not really interested in being a landlord though 🤷

@missingno1017 @rushicrypto Lol wild how people don’t get it right? None of them understand it doesn’t work out the same for 100% of people.

@ND_DaD701 @mrcarstuff @rushicrypto ya landlord is a diff game which helps me understand where you're coming from

@mrcarstuff @missingno1017 @rushicrypto Im also a landlord lol and i agree 😂😂 doesn’t mean its not the better option. But hey we need tenants. It may not be easy money but i live other people paying my mortgage and writing off taxes

all of this is true, and having a forced savings/investment vehicle that is a home is really good for some people. as for the the group disparity there are a lot of underlying variables that contribute to this, probably mostly mindset difference between long/short game players, but it nets out true

@missingno1017 @rushicrypto Remember one day you’ll be mortgage free Rent never goes away A mortgage free house is far cheaper to carry than monthly rent As a group homeowners are far wealthier than renter’s

@henry43557112 @rushicrypto historically would agree

@stetsonreilly @Rohant1212 @rushicrypto thanks

@missingno1017 @Rohant1212 @rushicrypto

@stetsonreilly @Rohant1212 @rushicrypto why not start a subsistence farm

@Rohant1212 @rushicrypto You have to eat to live, there's no alternative like renting vs home ownership. You're a moron.

@Bainville_J @rushicrypto less so, you have just converted it into home equity with the capex of everything minus the interest

@missingno1017 @rushicrypto Yup and even if you buy cash you are not renting out your place to someone else..that's money "gone" too

@Mike70785557333 @rushicrypto it's not totally meaningless, but also insurance, proprety taxes, maintenance also are up only in the same environment

@missingno1017 @rushicrypto A totally meaningless argument because rent goes up significantly every year and a mortgage payment doesnt.

@MGMSfoxes @Beav53 @rushicrypto ok that's chill, congrats on the gains

@missingno1017 @Beav53 @rushicrypto Put down 40 Walked away with 140 Put down 140 Currently owe 160 but sells for 440. Would walk away after sale and fees with 260k Would have paid taxes renting or owning. Interest is null since I’ve already walked away. My Morgage has always been less that rent would have been

@ND_DaD701 @MaxYield100 @rushicrypto i dont have one lil bro i bought cash

@MaxYield100 @missingno1017 @rushicrypto Enjoy paying g rent till the day you die. Maybe you will get lucky and prices wont ho up or you wont ever get a new land lord

@MGMSfoxes @Beav53 @rushicrypto that's pretty good if it's all net

@missingno1017 @Beav53 @rushicrypto Walked away from first home I put down 40 on with 145k. My mortgage today has 140k left so if I sold it for 440 I’d walk away with like 260k. 40 to 260k in 6 years is quite the haul

@MGMSfoxes @Beav53 @rushicrypto like there were transaction costs on both ends, cost to keep alive (taxes, insurance, interest), maintenance (hopefully no renovations), then taxes on sales, etc, real number might be like 16k/year, which with 200k would have been returned in the markets (actually way more).

@MGMSfoxes @Beav53 @rushicrypto what was the total net profit after all fees, expenses, etc on that, it was not 240k for 6.5 years, which is 32k/year if 100% captured. Not really that crazy