I think it depends where in Cali and if you’re renting or owning
Discussion
I lived in the Bay Area. It was nice back in 2005 and worth the price of living there, but not anymore.
What if you got grandfathered into a cheap ass mortgage?
I’d probably sell especially right now before housing prices crash. California is very low on places I’d want to be in during the fourth turning.
When you got a fixed interest rate under 3%, if you sell and move, you’re gonna be paying twice as much for the same shit
I’d just rent and buy bitcoin with rest
I wouldn’t want to be paying someone else’s mortgage and losing out on the equity, but everyone is different
If bitcoin goes where I think it’s going, you come out way ahead with my strategy
We have way more in bitcoin than we do our home, but we were wasting so many more buying opportunities when we were renting (it was about 2x our mortgage)
Still worth thinking about selling cause you could smash buy with the proceeds. If your stack is big enough, you can use this strategy with pretty low risk to cover your rent.
Our house is pretty much paid for already and we got full solar so we don’t need to pay ridiculous electricity costs. We even overfitted our array so we sell excess power back to the grid and hash with the rest. We couldn’t do that when renting. When you’re renting, you always need permission. Can’t grow your own food, can’t paint the walls the color you want, etc. Renting might be a good strategy for some, but not at all in our case. Money that comes in, doesn’t go towards rent. It’s all BTC.
I certainly wouldn't want to rely on borrowing money for a house/flat and then saving more money because of that. For example, a new water heater costs a lot, and if it breaks in my rental, the owner has to pay for it; if it breaks in my own home, I pay for it.
I'd rather buy Bitcoin and try to build something with the rest while living in a rental, unlike my ancestors who went into debt to buy a house/apartment because it was 'more profitable' than renting. Yea for them maybe, but also they got locked in to that place, I can move everywhere i can, if I need.
I guess it depends on the situation.
Lower than inflation. Its like free money.
That’s what we said and why we haven’t moved states yet. Yeah the cost of living will be slightly lower, but I don’t want an interest rate today and there’s no rentals near me that are even close to as affordable
I think you’d be surprised how much cheaper cost of living is outside of California. You really feel the difference as soon as you move.
Perhaps🤷♀️ but for now, we are here. We are gonna think about moving when we start a family, but may even keep this house as a rental 😂
Sounds like a good plan except the part about keeping the house as a rental 😂
I knew you would hate that part 🤣 I promise you, we are all in.
container garden, aquaponics,
big ass avocado tree ❤️
You can have that outside of California. I think you can tell how much I hate that place 😂. The way they handled Covid was the last straw for me. That’s what finally got me to pull the trigger and move.
Not in HB or LB, everything stayed open. It was better here than when I went to the east coast. There’s conservative sections within the state.
Bay Area went mega retard. When I moved to Tulsa, it was like there wasn’t even a pandemic. Felt so weird coming from the Bay Area.
All around us was chaos, but we were in like a bubble. Got lucky
oh my gosh.
talk about a cultural 180 😂
Bay area to Tulsa is amazing
Yeah dude. California has its problems, but there’s a reason why it’s so expensive and overpopulated, there’s some really amazing perks to living here. But if you want a quiet family life with some land, it’s not the place.
It was a nice change. Also, got me to finally stop being a soyboy. I couldn’t do a single pull-up until I moved away from the Bay Area. 😂
if your focus is government i can see why you’d hate it.
but there is enough rebel spirit in SoCal to do something special outside of it.
Yep, the rentals in my area are more than the comparable home's mortgage.
