For five years you pay more in rent each month than what the mortgage on the building would be, but the bank won't give you a mortgage for the building because they say you don't have enough provable income to buy it 🤌
Discussion
you five mortgage give each because provable income rent the than be, for say on bank 🤌 more building a but what have enough pay the to in the building you they mortgage years don't it buy the you won't For month would
mortgages and banks are a scam, the only way to change this is to keep saving in Bitcoin so we can destroy the scam
I've gone back and forth on renting/owning. Do I want a large % of my net worth tied up in a home that bitcoin is sucking the economic energy from (at a fixed rate mortgage) or rent and be subject to inflation?
Correct answer is both - you can own your house and build your own citadel AND at the same time you can stack like crazy.
Just keep your monthly payments as low as possible if you want to stack more sats. The house doesn’t have to be viewed as an investment it’s unfortunate that FIAT forces us to think like that.
This is for my business. I already own a home. The irony is that the business is profitable and pays more in rent each month than what the mortgage would be.
So the debt to income ratio maybe high, nothing would change in reality besides me actually saving money which makes my ability to pay the mortgage easier. So dumb.