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Did you know you can buy a house and #bitcoin at the same time without spending any of your bitcoin?

One of the conditions of the credit system is that you can borrow money in the form of a mortgage. Inflation will make your mortgage more affordable over time.

When you buy a house that requires some work, you can borrow more to fix it up. When you do most of the work yourself you can buy a lot of bitcoin with what you borrowed.

If you then just hang tight for four years, pay your installments, hodl your bitcoin, you can enjoy the benefits of both.

Just stacking bitcoin with your income works fine, but stacking with a mortgage is probably going to give you a lot more bitcoin.

This is not advice, but it is an option you have.

Otto 11mo ago

I got a loan against my house in the summer of 2022. Managed to smash buy with my year worth of salary. I told them I was going to buy stocks etc with it but spend it on bitcoin. Not sure if they will ever loan to me again. Still so glad I did it. I will definitely do it again if possible when we are down -60% from the ATH. Whenever that comes...

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Discussion

Lau 11mo ago

You knew what you were doing even if it felt like taking a risk at the time and you did fantastic.

Otto 11mo ago

At 4% for 10 years, it was a no-brainer. Just so happy they gave me the loan. I honestly never thought they would lend me but boy was I proved wrong on that. I guess the lesson of the story is to go ask If you can use something as collateral and see what they say.

I never told anyone IRL because I know from talking with normie friends they would think I was crazy. But for me it was obvious what was going to happen. Information asymmetry is very real on this one.

Lau 11mo ago

I love it. Well done!