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Man - I enjoyed that episode more than any of your others & I can't quite pick why.

What I initially felt (and continued to feel) was that you'd find the prefect house for your lifestyle but that you'd lose it because of it being a poor financial investment. I'm not giving you a green light to go emotional but let go the need for it to be a great investment. It's a very different situation to your other (negative) RE investment.

What I need to tell you is that it's OK if your home is a poor investment. Bitcoin is your primary investment & if you can keep some or most of it, it will balance your home's less than amazing performance. If you pass up the perfect house, you'll kick yourself later.

I didn't want to sell my house until late 2022. I suggested to my wife that we sell up, put everything in storage & go travel the world. She couldn't let the house go unfortunately. Luckily I had in 2020 I drawn down heavily on our mortgage & invested it in magic internet money. I'm sure she would have left me if that had all gone pear shaped. It's on a beautiful piece of land & has the house where we raised or children. I'm learning to become comfortable with holding it but I'm yet to pay off the mortgage.

I really loved hearing this part of your story & where you've landed. I personally would never want to live in Victoria again, let alone buy a place but that's just me. I hope you solve the financing issue without risking or selling too much Bitcoin. Your support network sounds amazing, particularly your finance guy.

I'm really impressed by how far you've come since I first met you. Well done mate 🤙

Jake Woodhouse 3mo ago

Brisket what an awesome reply! Thank you sir!

It’s an interesting process as a Bitcoin Maxi, you NEED shelter

Also the idea of a place that you have on some land and raised the kids in. How cool! Actually the episode I did recently with nostr:nprofile1qqsytyzt9rl7pewtjye0ngywjahd0u8u2lvrsaupa2wgpujkcsfvrdqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qy28wumn8ghj7un9d3shjtnyv9kh2uewd9hs33thwe details well why it makes sense to stay where you’re living, draw down more debt on the RE, and go long Bitcoin. His model will detail exactly what you’ve experience I imagine

So yes, redefining one’s home as a cost, rather than a growth engine, with the purchasing power increase coming from Bitcoin, is a great blend (VERY few understand this)

Next step: how to build a similar model that makes sense for beef 😜😅

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Discussion

Brisket 3mo ago

Yes - that episode has been a long time coming 🤣

For perspective, my target price back in 2020 was $400k USD. 5 years later & we still haven't hit it.

The finance hurdle that you're experiencing now is my biggest one. Yes I can probably scrape together enough to get the land now but I couldn't afford to stock it with cows & then run at a loss for years. I've been patient but not for quite long enough it seems.

My gut feel is that things are accelerating. I'll soon be presented with a series of opportunities that I didn't expect that will be both challenging & scary. My job is to spot them when they present themselves & to jump right in. This is kind of how my life moves now 🤯

Jake Woodhouse 3mo ago

Accelerating. Agree

I also can feel that you’re just around the corner from developing a citadel that actually makes sense

Love it

🙏🏻