You will own nothing and be happy ~WEF
🇺🇸 🏠 US house median sales price is now almost 7 times the median household income 🤯
This makes the current US housing market the most expensive in history.
Sauce @Bitcoin Telegram Channel
Discussion
Owning a home is a pain. Of course it’s an investment (🤣) but all the work and maintenance. Property taxes and other stuff. It’s nice to have you’re own space but I’d almost rather own land away from the city and suburbs and find ways to live more off the grid and self sufficient.
All that stuff follows you. I'm off the beaten path, moved here 10 years ago.... Now the million dollar homes are popping up around me and we just got dropped by homeowners insurance for the 3rd time in 13 months because of some fire rating. I live on 3 acres in the woods! I'm not cutting down 30 trees for some silly fire break BS. It's insane. I feel like they're trying to run us out, making room for mansions....
Yes so true! I hate when that happens! I’ve learned more about why this happens and most of the time it’s has to do with fiat debt ridden tax system. The more I learn the more it doesn’t make sense. Check out the video, this guy is hilarious and I hope a #bitcoiner but haven’t confirmed myself
That’s the thing, a home is not an investment, it’s a necessity. If you attempt to profit from your “investment” you are homeless and if you don’t want to move to a less desirable home market, you must buy in again somewhere. Probably you sign up for a 30 year mortgage and surrender 50% of your earned income to the banks for 15 years. A primary home is a managed cost, much like an automobile.
That makes a lot more sense and probably why I’ve never really felt it was an investment but told that, ya know that American dream yada yada yada. You’re correct, no way I would want to sell and loose super low interest and be homeless in an area that’s hard to buy back in. All of us that locked in low rates are holding up housing or it’s 2008 all over again 🫣
It’s a fine trap. Few can afford rent and to save for 20 years to buy a home with no mortgage, and even if you do that, raise a family in an apartment somewhere so you can have the house you wanted for your family after they’re raised? Even if the older generation who owns their homes sold and accepted monthly payments for their home, where would they live? The banks win again when older folks reverse their equity to pay medical bills while the bank allows them to live in a home they paid for, bought for much less than its current value, the forecasted value a decade on being higher still. It’s criminal, but wealth breeds power which breeds more wealth, and the folks just trying to live bear the burden.