Where I’m from - the average closing costs as a percentage of the house is 10% excluding the deposit needed which is a minimum of 10%
So roughly works out at $20-25k liquid cash needed plus it takes 3 months to close
#bitcoin #freedom #nostr #hardmoney
Housing is mostly a liability.
It is abused to get you in to debt.
You factually never own it as you pay taxes and by law they can confiscate it.
They abused the system so it became a saving account for many, which clearly doesn't work for long.
It is an anchor for most to stay put.
All to achieve you work your whole life, are too busy to think and actually move to a better jurisdiction/life.
I actually agree with this. If mobility is the goal, renting is probably the better route.
If you setup your mindset that you might have to move every 2-3 years - so be it.. better than having a 30 year mortgage around your neck..
Also it’s impossible for buying property without having a fair chunk of liquidity which is essentially burnt…
#bitcoin #freedom #nostr #hardmoney
Last time I checked if you hold 5 BTC securely you don’t pay taxes and tenants fucking your house up ?
Renting anywhere in the world for the majority of the population is actually better..
