Crazy to see how hard it is to find somewhere affordable to live for Zoomers.
Boomers have bought up all the homes and rent them out buy to let. Then got their friends in government to stop land being made available to build more.
Talk about enslaving the younger generation so they can enjoy their avocado on toast in retirement.
I heard Blackrock owns like 40 or 60 percent of all real estate crazy
Yea its definitely gotten worse in recent years bc of blackrock and boomers trying to fund their retirements via landlording. But where there's a will for cheaper living situations, there's a way.
When I was broke in my 20's I lived in a friends dining room, then a converted walk-in closet of a garage, and eventually bought a camper for my soon to be wife cause she didn't see a great future for us in a 60 ft/sq closet.
We lived in that camper for years basically for free while saving up for a POS house that we rebuilt for years while continuing to live in the camper.
And all this was in the fastest growing city in the US
There are still opportunities but they will typically not be found online. That's why this generation is screwed, cause they aren't meeting enough people in the real world to find the off-market creative options
Have you considered just stacking sats?
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Yes.
Yes. Bought the house before I knew about bitcoin, and if I had it to do over again I'd probably still do both (house and bitcoin).
Since I want a homestead (where i can plant hundreds of trees, have chickens, bees, a garden, a plant nursery etc), a place to raise my kids, and the ability to build whatever I want and not worry about whether my landlord will be OK with it.
The house pays for itself since we made it a duplex and rent out the back to a friend fwiw.
I've lived the nomad life and we still do that as a family in the summers, but the value of having a solid home base where we can ride out most storms of the world is more valuable to me than more sats in a wallet.
Our physical environment is still important, and I feel for bitcoiner friends who have to move out of their rental house for this or that reason.
Moving is a PITA
Hard to beat the leverage on a mortgage.
What advice would you give someone getting ready to try a nomad lifestyle?
Stay places for longer and stay with families or real people who live in a place- not so much hotels, hostels or airbnbs.
Do things that make you stretch and learn even if its hard. Finding those opportunities are much easier when you know locals.
Go lightly- one small backpack and a canvas food tote is all I carried around the world.
Be open to offers from the universe and trust your gut/intuition when not sure of which way to go.
And never underestimate both the goodness and evil in people (the vast vast majority is goodness)
I'm sure there are lots more that'll hit me later but that's a good start
Thank you π
Most likely indexes and funds that they manage. After all they are wealth managers, the biggest, and everyone's retirement, savings, other investment companies, etc. all invest in their funds.
Do by default they end up basically being in everything, mainly as a hedge.
Maybe thatβs what it is but i remember the properties being rented out and a lot of them were bought after the 08 gfc
Government = mass migration = demand beyond supply = homelessness =socialist agenda = money printing
Landlords are parasites
Yes they (Boomers) have been so detrimental to the next generations, it's unbelievable with their landlording scams.
I don't think it's individuals. It's trusts and companies.
Individuals can be pressured, trusts can't.
Same problem in South Africa, in fact part of this whole land issue.
They create trusts to remove personal responsibility like taxes, rates etc. and then either sell slots or shares (private seats) in the trust.
Real estate is also good recurring income and a hedge in uncertain times
It is also individuals. Many Boomers have property portfolios to store value and generate cashflow because the money is broken. They think landlording is an investment and they providing a service when they are in fact just being middlemen.
