#realestate #property #money #savings #beOG #plebchain
What’s stopping you from selling your house and putting the proceeds into Bitcoin? My wife and I sold our house and put some of the proceeds into Bitcoin a couple of years ago. For me the hardest part was selling the house. I loved that place. We raised our kids there. We put our hearts and souls into it. The yard and the gardens for me, and the furnishing and decorating for my wife. The memories! It was a hard swallow for me to give all that up.
It helped that my wife wanted to sell. She was worried about how much work it took to keep things going – especially in the winter. That’s what really did it for me in the end. Every year that winter work was a little tougher, and I realized I’m not getting any younger.
My wife had to be convinced to put the money into Bitcoin. In the beginning she was not a Bitcoiner. I’m still not sure how I convinced her. At the end of the day she’s just a good woman who trusted her man.
Looking back the decision to sell was actually the easy part. The hard part was cleaning the house, and dealing with all the stuff that we had accumulated over the course of 20 years. Additionally, the stress of finding a place to live after we closed on the house was very stressful – especially for my wife. Good rental units are like hen’s teeth in the area we wanted to live. On top of that add the sticker shock of what it costs to rent a decent place.
What would I have changed in retrospect? I would have asked a lot less for the things I wanted to sell. In the end we wound up giving away a lot of stuff we could have sold at a low price – and then used that money to stack more Sats. My advice – swallow your pride. Sell stuff cheap and smash buy!
#realestate #property #money #savings #beOG #plebchain
You always pay more to rent than you do for a mortgage. The house we lived in for 20 years was a two bedroom in a pretty decent location on a couple of acres. We were paying about $1300 a month for the mortgage. After selling our house we moved into a rental. We now pay about $2400 a month. The house is nowhere near as nice, but its in a better location.
Since we moved in we’ve paid about $24,000 more in rent than we would have spent on our mortgage. That seems like a lot, but it’s not. It doesn’t include all of the money we would have spent on road maintenance, association fees, and home maintenance. Even if it did it doesn’t matter.
We’re sitting on a stack of Bitcoin now. It doesn’t require any maintenance fees. It’s not subject to property tax, or wear and tear. Every sat we purchased has appreciated by 450 percent in two years. The house we lived in took 20 years to appreciate by 262 percent.
If you understand Bitcoin. Don’t wait. Take action. Sell your house. Exchange that USD for BTC while you still can. Keep your house in cold storage.
#realestate #property #money #savings #beOG #plebchain
On September 10, 2013 Apple released the iPhone 5s for $199 USD. The Bitcoin price on that day was $127.51. You could have bought 1.56 Bitcoin for the same price. That Bitcoin would be worth $141,688.31 today.
Explore this site https://bitcoinorshit.net/ for 15 minutes. Put your thinking cap on, and decide what a better choice selling your house and putting as much of the profit into Bitcoin as you can possibly bear, or paying your mortgage every month? Even at $90,000k per coin that’s still a great deal.
#realestate #property #money #savings #beOG #plebchain
Bitcoin fixes this. I sold my house at the same time. I’m spending about $1000 per month renting than I paid for my mortgage. I bought 10 bitcoins with the money I made on the house sale. No insurance. No taxes. No maintenance. Up 400%.
American Dream Deferred?
“Is a dream a lie if it don’t come true, or is it something worse?” - The River, 1980
Americans are home owners, or at least they aspire to be. It’s always been a part of the American dream – deep Thomas Jefferson yeoman farmer type shit. I grew up in the 60s and 70s, and came of age in the early 80s. At that time the combination of double digit interest rates and double digit inflation made that dream seem like a lie. Just like it does for young people today.
By the time the dust settled on the Reagan era rates were down to under 4% and inflation was a much more manageable 3%. Home ownership was back in a big way, and the home transformed from a place to live into a financial instrument that anyone could own. No need for a series 7 license. No need for a genius level IQ. Most folks could buy a home, pay the mortgage and have some ready money for retirement. That’s still the playbook, but that dream is a lie. Live in your house. Store your wealth in Bitcoin. More to come.
#realestate #property #money #savings #beOG #plebchain
In the spring of 2022 my wife and I decided to the house we had lived in for more than 20 years. The place we raised our kids. Our little corner of paradise.
Within a couple of weeks of deciding to put the house on the market it was sold. We bought the place for about $200k in the early 2000s and sold it for about $500k. Of the $300 we cleared we put $200k into Bitcoin. Bitcoin was about $20k at the time on the way to a low of $16k in November. We were paying north of a thousand dollars more per month on rent in our new place than we did for the mortgage payment. At the time my wife was not a Bitcoiner, but she trusted me with our money. I’m not going to lie it was a stressful time, but I never considered selling. As I write this post Bitcoin is at an all-time high of $75k.
This series is for all y’all who are considering doing what we did: cashing out of your house and yoloing into Bitcoin. Strap in. It’s a bumpy ride.