Bro I was looking for it but couldn’t find it 😂
Finally some fucking drama. Fight bitches. I'm double down on both follows. https://media1.giphy.com/media/SSFBdmmKG3jK9GqDbt/100.webp?cid=6c09b952yjgzmczcj71ku52fbezbh9jc4jlkhx93617erka5&ep=v1_gifs_search&rid=100.webp&ct=g
https://youtu.be/ZbZSe6N_BXs this, on repeat for a half hour until someone picks up the line. You'll be happy!
This is the only jam I’ll listen to while on hold
My folder is ready
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I deserve better than this. Where is your manager?
Wtf I didn’t even know that was possible you sneaky quant son of a gun 😂
I don’t check the price often. Usually someone says something about the price and then I feel like I need to check.
Man I checked your post before I checked the price 🤣
#meme #memestr #nostrmeme
No one has enough sats. I wish I had money I’ve been struggling for months 😭
Thank you but I just don’t have the time right now. I definitely appreciate having you as a quick Austrian economics resource though 🫡
Very dense audiobooks require to sit and focus. That kind of defeats the purpose of it being an audiobook for me. Half my audiobooks I couldn’t finish and needed to get a physical copy to actually read haha
I think I read that in human action or something similar to that. It’s one of the arguments I made against someone who claimed that the government runs all these simulations and tests to know exactly how much oppression they can create to control people. But a simulation cannot consistently predict human action because of those countless calculations we make.
What is the argument he uses against asking for a source? 😂
How do they prevent the state from growing too large?
What is a minarchist? Heard the term before
The internet may be the greatest invention ever
Back over $100k 🔥 🚨
https://video.nostr.build/02f1a34503d2993e6c14af9242cf47e5abcdc13a34cf365ff15bf44ee1c1fae6.mp4
nostr:note188yw3ft7rhmu39m8m9arlukegyphvj5mntudnqhdpaw8gdcuvgdsqaqg6y
nostr:npub1rzg96zjavgatsx5ch2vvtq4atatly5rvdwqgjp0utxw45zeznvyqfdkxve knows how to back it up and recover it
I remind conservatives of this regularly when they say the economy was better under trump. He broke the record for most money printed in a single term.
Is real estate a shitcoin? TLDR: yes.
I've heard many people refer to real estate as a shitcoin but it's hard to make sense of that statement without the numbers. Everyone still needs a place to live right? So I made a shitty spreadsheet just to get an idea and I was very surprised. I did my best to actually puff up the real estate numbers and use ultra conservative numbers in bitcoin.
I ran the numbers for a multifamily triplex with rental income on an FHA loan (3.5% down payment). The rental income really dampens the amount you spend on your mortgage payments. I also did not account for any vacancy periods, troublesome tenants, or maintenance fees in real estate. Any financial planner that fails to calculate these factors would be committing fraud and the return on real estate compared to bitcoin in this case would STILL not even be close. On the other side with bitcoin, I used a conservative 30% annual appreciation over 30 years. Yes I know it fluctuates and, over a long enough time frame, the average returns have been much higher historically but I really wanted to steelman real estate. The DCA BTC website helped me a lot with this. If you began a weekly DCA 8 years ago, you would be up 1,142% today which is 143% annually! I believe a 30% annual return on bitcoin is conservative to say the least.
The numbers I used were from a lender's estimate I got in March of this year. Note that interest rates are higher now. The triplex was quoted at $700k. Cash to close was $37,273 (remember this number). If you spent that $37,273 on financing a triplex and lived in one unit while renting out the other two, after 30 years, your property would be worth $2,134,644. I used an average 4% annual appreciation in real estate and subtracted the 1% annual property tax to reach this number. Yes I know there are factors like income tax and depreciation but I want to keep the numbers simple.
Now the fun part: what would bitcoin have done during that 30 years if you invested the same cash to close in it? I used the rental price of a local apartment that was $25,140 for the first year and I added a 3.2% annual inflation rate every year. Again, I am really trying to steelman the case for owning your own home. After 30 years, your $37,273 in bitcoin would be worth $73,882,979!
Eminent domain is the government’s “right” to take your property for public use. Even if you have your keys and deed, you still only have a claim to your shitcoin. The Sovereign Individual thesis is much more doable with bitcoin. You can easily leave the jurisdiction that is mistreating you when you are not tied down to real estate. If you spent the rest of your life DCAing into bitcoin and lived as a renter, you would not have to worry about the major headaches that come with property management. Is the jurisdiction you are living in forcing you to eat ze bugs and stay home because there are aliens outside? No problem, take your bitcoin and go somewhere else. This is what freedom money is!
This is the part where I say this is not financial advice and do your own research. I don’t know the future and I don’t claim that anything above will actually play out that way. My numbers may be wrong, if so please let me know.
#bitcoin #nostr
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“Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.” — Ludwig von Mises