/biz/ - Business & Finance

>>8604343
roll

>>8604343
roll pls a cute

>>8604343
gg OP
you will never get an answer
rollan

>>8604343
oh and before anyone asks
>how did you get the ETH
I flipped assets from a popular eth "game" and went all in on a couple of eth pyramid schemes. it sounds easy but i stayed up day and night for the last 4 months to accomplish this

>i didnt get rich immediately should i give up??
Yeah.

>>8604366
kek.

>>8604375
Also you're retarded for not holding to pay less in taxes. You're hopeless.

>>8604375
I'm not asking if I should give up. I'm asking if I should go from NEET to paid off house and comfy existence as opposed to staying in a risky, speculative investment.

>>8604366
winrar

roll

>>8604343
rollo

>>8604394
Ronald'd

>>8604393
Technically this would be income tax on the FMV of the ETH on the day or receipt, so I think it's you who is retarded. Holding does nothing but lower the tax on the difference between that and whatever I cash out at, and that's only a capital gain (loss) which is limited to 3k/year in deductions

>>8604398
shes mine fuck off

>>8604398
I'll take it

>>8604366
IMAGINE THIS GUYS LIFE

look 52-54, statutory rape and incest what a dirty bitch, she raped her own son

>>8604343
34-36 GET

I know Tonya 58-60 is one of the teachers convicted for having sex with an underage HS student.

Duckface in a mugshot, based.

here goes

Starting to doubt my OP image choice. Oh well, rollin'.

>>8604420
>shes 18
>raped her son
Fucking brainlet.

>>8604412
Oh yeah? Too bad Linda's chocking on my cock already. She fucking loves it. Told her to bail her out with my DBC gainz she_doesnt_know.jpg

ples gib me waif

>>8604496
>chocking

roll something nice

>>8604343
Rollin'

>>8604496
OR HER BROTHER YOU CHOCKING RETARD

Rollin

>>8604602
looks like you got one of the few who may still be a decent waifu

>>8604343
ROLLIN

>>8604343
Russell pls

roll

>>8604600
Winrar!

>>8604343
roll for a qt

>>8604732
"tagged as transgender'

ayyylmaoo

>>8604753
>>8604732
Not bad looking, though

roll

>>8604343
roll

>>8604366
kek btfo

roll

>>8604343

Use that 100k to buy a duplex or a townhouse and rent out the other half. That way your 100k will continue to earn you income and you'll never have to work again.

>>8604868
>Use that 100k to buy a duplex or a townhouse and rent out the other half. That way your 100k will continue to earn you income and you'll never have to work again.
I like this idea a lot, but it will be about 60k after taxes.

>>8604343
Holy shit, #40-42 Lauren is godtier

>>8604343
Roll

>>8604343
check

roll

>>8604343
roll

83 get

>>8604343
roll 10-12, 28-30, 58-60, 70-72, 85-87,

>>8604868
>>8604878
Unless I can just claim it's long-term hold or something

>>8604343
roll

>>8604951
don't want tomboy jailfu
REROLL

Come on 85-87.
All these poor girls, probably majority got in to this situation after hooking up with a Tyrone or a Trayvon

Roll

not gonna bother replying but I am gonna roll

>>8604878

Get a mortgage. 60k is still plenty of money for a downpayment on a duplex if houses in your area go for 60 - 100k.

Debt is leverage. Debt allows you to use the bank's money to purchase cash-flowing assets that would otherwise be unavailable to you.

I invest in real estate myself and it's the best I've ever done. Getting a check every month from my tenants in an amazing feeling.

>>8605000
AAAAAAAAAHHHHHH

>>8604343
rolling for ancap cop-killing GF

>>8605007
this one sucked
let me try a new one

>>8604343
Roll

>>8604343
Roll

>>8605029
comeone these are all weaksauce waifus
rerolling

>>8604343
rollzenging

roll

roll for trashy

>>8604343
roll

rolan

>>8604343
rolliano

>>8605263

>Lashaya
>White
>no rape charges

I want out

>>8604343
Rolling officially

roll

rollolol

>>8605011
>Get a mortgage
I am a NEET with no income and no work history. No lender will touch me as far as I know. I'd love to hear otherwise, but that's just how it is. At best I could hit up my rich uncle for a loan or something, or maybe he'd co-sign, but that's it.

Ruol

>>8604343
Please no blonds.

roooollll

>>8604343
Give me 1-3 that is a hot coke whore

Roll

roll

>>8605455
Not even on the internet do I get some luck. I'm going to off myself.

>>8605492
>>8605455
maybe he has a feminine penis anon

>>8605492
ayyyyyyyyyyyyyyyyy

roll

>>8604343
roll

>>8604343
roll for that gud JW

>>8604343
rollan

>>8605531
Sorry, bub, you get this cute girl (male)

>>8604343
Roll

>>8604343
Look at the charts, crypto is a fucked asset for the foreseeable future. A year at minimum. This is going back to October levels AT MINIMUM, the size of the Head and Shoulders pattern on Eth show it should be retracing to a negative value. Thats how fucked it is. It's not going negative but it's going to lose a breathtaking amount of its price in the next month. My recommendation is to use your Eth to buy precious metals, silver or gold and hold for the next 3-6 months. The Tariffs, NK situation and mid terms will be causing a lot of anxiety in the markets. https://www.wsj.com/articles/the-clock-is-ticking-faster-at-tesla-1522233639 Some of the major meme stocks like Facebook and Tesla are getting btfo as well. The Trump bump for the stocks are wearing off and commodities are where you want to be. Worst case scenario is a few % loss. The stock market is giving up a lot of ground right now which is the moment you should be watching for a good entry point. You can make a good return with your cash right now if you play your cards right. Definitely get out of crypto though, this ship has sailed.

pls gib

hodl

>>8605615
I just want peace of mind and to sleep well at this point. I know a house may not be the cleverest choice from a /biz/ standpoint but it'd be great for my mental health. Not sure I can put a price on that.

I agree that crypto is in rough shape. Damn.

roll jailfu

>>8604343
ROLL

>>8605651
meh, reroll

>>8605638
Crypto isn't in rough shape, it's over. Markets don't do a single telephone pole back to hell, it's a downward trend with several bumps in it as people buy the dip only for it to collapse.
As for peace of mind, this is a golden opportunity unfolding in front of you. This is akin to having 60k USD in cash right as the stock market unfurled in '07. Entering now will give you life changing dividends downstream. Buying a house/apartment will just tether you to an asset that could outright depreciate by 30-40% in the next year if the markets roll so hard it becomes a recession.

>>8605685
>will just tether you to an asset that could outright depreciate by 30-40% in the next year if the markets roll so hard it becomes a recession.
Context: I'm a NEET with a mediocre (empty) resume. This would provide me a platform for normalcy. What exactly are you suggesting—wait for a huge downturn in the stock market and shove my money there, continue living at home and hope to make it work otherwise?

Rollin'

>>8604343
Rollin

Roll

>>8604343
>40% effective tax rate
Just claim it as long term capital gains and you'll only have to pay 15% on it.

>>8604343
Rollan for crazy hottie

>>8605832
>Just claim it as long term capital gains and you'll only have to pay 15% on it.
I have no proof though, no cost basis, no records of purchase, which is required for this, right?

Please don't be Ronald.

>>8604343
>4-6
>seems like depressed fuckup
>still very very hot
>31-32
>tagged as transgender
WTF are you fucking for real? that looks nothing like a man holy shit these things are getting too realistic looking
>52-54
>statutory incest
>pls be my sister
>67-68
>potentially best girl

the rest are trash not worth bothering with

>>8605867
Just say you found it on an old hard drive you forgot about.

ROLL!

WHAT WILL IT BE ?!

>>8605895
all of your bitching gave you bad karma, this is what you get

>>8605909
>Just say you found it on an old hard drive you forgot about.
that's great and all but again I have no proof of cost basis, this in practice simply means that worst case I get hit with short term cap gains when they contest my report. So basically I just claim long term and hoipe they dont call my bluff, or end up paying the full 40% worst case.

Just wondering if there's a better way

>>8604343
roll

>>8604343
i literally just bought a house for 65k in december with some of my crpto earnings. def takes the edge off the current downtrend. dunno if that helps you though, but having a house is cozy.

roll

>>8605956
I think I want to do it just for my mental health desu.

>>8604343
Rollerino

>>8604343
roolin

>>8605968
yea true, but prepare your anus when the market goes bullish again in, idk, like 9 months

damned if you do dammed if you don't

>>8606010
On the flip side I'll feel like shit if the decline continues and I have 50% of my current portfolio value by the 9 month mark and no house

I already regret not cashing out half in January/February, how idiotic. I've learned so many expensive life lessons in the last year

God I hate this board so much

>>8605968
also, my house needs a new rook (gonna cost me 10k) and i put about 8k worth of work into it... something to consider when buying cheap houses.... but the work is fun

>>8606030
I don't mind hard work and a bit of manual labor, if anything I think I'd enjoy learning new skills and being more hands on with that kind of thing. I taught myself (youtube, manuals) to do a lot of work on my own car when I was truly destitute and while I don't much like working on cars now I still value the experience

You gonna DIY the roof or is that the total cost to have someone else do it?

>>8606030
roof....needs a new roof

>>8605895
fucking ewww i got the worst one

>>8605921
The fuck am i looking at?
Also roll

>>8606044
idk, getting professionals is going to cost 10k. i may be able to do it myself... i rewired the house and put new vinyl flooring in with youtube tutorials (bunch of other little things too)... if crpto goes up, ill pay someone to do the roof for me, cause i dont want to screw it up

>>8606080
Any downside to waiting it out a bit? I assume the worst case is leaks damaging the framing somehow, right?

Welp.

>>8606118
You got yourself a bonafide /biz/ waifu

>>8604343
how the fuck do I get a job

>>8604343
rollan

>>8604343
Cash out, get a job, wait for the stock market crash, then invest in stocks, wait a couple more years, then retire. 100k now won't last you for long.

>>8604343
Rolling is more interesting than your situation

>>8606323
Congratulations, your waifu is Rose. Things went downhill after all of the youtube ewhoring.

>>8605708
>platform for normalcy

not being normal creates it's own distortions and stresses and this concept you've invented is just another delusional artifact

>>8604343

ror

about eth? no idea could go up or down ... this shit is literally the worst asset - get to know what taxes you'd have to pay and better cash out some

>>8604343
Roll

>>8604343
58-60 get

bing bing bong bong bing bing bing

>>8604343
rollnerd

>>8604343
sharolling

>>8604343
rollen for my prisonfu fren

>>8606500
fml at least I'm still top 200 link holder

>>8604343
oh shit rollin

>>8606500
>>8606529
lol

>>8606375

I see what you're saying and I agree to some extent.

However, it's a platform for me to exist on my own without worrying about when my NEET safety net will drop out from beneath me. It's medium-term financial stability.

I don't care about being a normie

>>8604343
roll

>>8606500
ding ding ding

>>8604343
Rollin babyyy

>>8604343
rollin

>>8604343
roll

>>8605921
Legal if she ever liked one of your posts

t. Brazil lawyer

Rollin

>tagged as transgender

Rolling

Rolling for Jilian MOMMY pls

Also OP
>selling low

>>8604343
time to roll

>>8606852
you're right, but it's brutal if it gets any lower

>>8606852
>brother rapist

I'll take that

>>8604343

Not surprising every crime clearly involves drugs, prostitution, or both.

As far as the question. You are always better off owning property. If I didn't already live debt free, I'd have sold my crypto. In the coming automated economy, real estate is going to be one of the only things that is valuable because it is scarce. It doesn't matter if it is in a shitty area either.

If you are in a rural area, fine, you won't have to worry about crime and transportation is becoming less important.

If you are in an urban area, you shit property will eventually be gentrified into something of value.

After you own property, start accumulating as much liquidity as possible to cash in on the next bubble.

>>8604343
rollins

Terrible idea, maybe if you had more though. Roll

>>8606873
Hold on mate, we're all gonna make it. You'll regret having sold it now for some shitty house for which you'll have to contine to wageslave. Cryptocurrencies aren't going away anytime soon

rolling

>>8605066
get reqt son

Rolli

>>8604343
Oh boy I hope my wife is nice

>>8607019
literally jinx

>>8606949
>Terrible idea, maybe if you had more though. Roll
Why?
>>8606953
>You'll regret having sold it now for some shitty house for which you'll have to contine to wageslave
I'll be hugely insulated in that my expenses will be low (no mortgage payment)

>>8604343
better be good.

>>8604343
Roll

>>8604343
just one more roll

>>8604343
No whammy no whammy no whammy ANNNNDDD STOP!

>>8604343
roll

>>8604343
OP killed his own thread

/roll

>>8604343
roll again

>>8607133
better than a silent death with no responses, plus it's more fun. 4chan's been pretty reddit lately

>>8607121
Shit... that's a dude.

Reroll

Also OP hold for a yr to decrease tax burden

>>8607121
FUCK YOU I WANTED ASHLEY

>>8604343
rollando again

>>8607149
She's all yours. I rerolled for grand theft katana

>>8607166
Oh fuck....Ronald

>>8604343
roll

>>8605867
Yeah. You need some proof for basis

>>8607292
so tldr I just owe short-term capital gains with 0 basis if I cash it all out. pretty simple

Roll

roll

>>8604343
roll

>>8604343
rollando ando

rol

Rollio

What the double dueskies

>>8604343
rol

dont mind me just pickin up a jailfu

>>8604343
If you can change your life by cashing out, do it man. No brainer.

They see me rollin

>>8607485
Trying to construct a basic budget, not sure if I can actually make ends meet even if I can afford the house outright

Definitely requires some planning heh

Roll

rollingggg

>>8604343
roll for lauren the rest are not waifu tier.

>>8606136
best girl

>rolls for Chenelle

I'd honestly just hold out. Taxes are due in a few days, do you really want to report a huge profit and then have to market sell everything at the lowest to make your tax obligations?

Local monero.

>>8607699
>taxes are due in a few days
If he sells now it still doesn't go on the taxes that are due in April, it would go on next year's tax return. How are there people on a business board who don't know this?

Roll

>>8607699
>I'd honestly just hold out. Taxes are due in a few days, do you really want to report a huge profit and then have to market sell everything at the lowest to make your tax obligations?
I'm just gonna pay short term capital gains on whatever I cash out, it's pretty simple. Taxes are not really an issue here, for me it's mainly the decision between keeping 100k in this volatile market and buying a house. I can figure out the actual details between the two on my own.

Rollon

>>8604343
roooollin

>>8604343
Roll.

>>8607734
They don't tax just fiat gains. They tax you on profits whenever you dispose your crypto. It's hard to say what your profits are without looking at all your transactions

>>8607928
Simple logic tells me that they can never exceed short-term capital gains with 0 cost basis. In theory they could magically get my trades (they won't) and this could be an issue but I suspect that simply paying capital gains with 0 basis is the answer

>>8604343
fuck it roll

>>8607928
Let's say you sold 1000 USD worth of ETH for $1500 for iota. You make $500 profit. Then you sold $1500 worth of iota for $900 worth of btc, a capital loss of $600.

It's not just what you sell into fiat anon..

>>8604343
Oh, and fixing up a fixer-upper is a great way to both learn marketable skills and make money by increasing the value of your home which you then sell and do it again.

>>8605394
Try that but getting a mortgage isn't so bad if you rent out a the other part of a duplex, perhaps even rent out the other bedroom in your duplex too and have a roommate.

>>8608030
>but getting a mortgage isn't so bad if you rent out a the other part of a duplex
It's not that I'm afraid to take on a mortgage, it's that they literally won't lend to me because of my lack of work history.

give me the trap plz

>>8607945
Anon. They want all your transactions. People that don't give up at least 500 lines of transactions or at least a couple of pages neatly detailing your cost basis and gains will arouse suspicion. If it was only fiat in and fiat out they cared about nobody would have an issue with crypto taxes.

>>8608068
>People that don't give up at least 500 lines of transactions or at least a couple of pages neatly detailing your cost basis and gains will arouse suspicion.
Based on what? The max you can possibly own is short-term capital gains or income rate. Do you really think the IRS is going to subpoena binance for trading records and do the accounting to demonstrate that you owe more in theory? That's ridiculous. Do you know anything about the IRS at all?

>>8605011
How much do you get my monthly?

>>8604343
rollerino

>>8608039
Hmm I don't know your life anon but asking around with different bankers and haggling goes a long way sometimes.

>>8608214
They aren't going to lend to someone with no income lol, I'm not unwilling to try but I think that's a non-starter

>>8608079
No IRS wont get binance info. What I'm saying is the way they tax crypto isn't by how much fiat you pull out from fiat exchanges.

In theory I can put in 100k fiat. Make many trades with ICOs and foreign exchanges, makes 10MM and only pull out 120k fiat. You might think you will only be taxed on the 20k fiat profit but that is apparently not how they do it... Every crypto to crypto exchange is a taxable event. Yes. It's that fucked up. I'm sure your accountant won't know and will go along with just paying 40% tax on short term gains but that is not the correct way. I'm also sure the IRS will not give a fuck about you and your smalls earnings. Literally a drop in the ocean of crypto gains.

>>8604343
jugando de nuevo a ver si esta vez me va bien hijueputa

>>8608368
You are telling me that every trade is a taxable event. Got it. I am telling you that nobody knows anything about your trades right now and barely anyone is paying tax on this in the first place. Paying your max tax on your cash outs is effectively paying in good faith which is the spirit of the law. It's pretty simple.

>>8608368
>>8608386
In other words, IF you pay tax despite not getting a 1099 or anything else, you are self-reporting. IF you follow the letter of the law (inferred and not laid out absolutely yet btw) then you are self-reporting one step removed from that and are basically reporting something that isn't even verifiable by the IRS without a great deal of effort.

If you cash out millions and you want to reduce your cost basis, THEN that is something to worry about. But if you are a small fry there's a 99.99% chance you are a fucking brainlet if you are worried about tracking every single trade assuming the net result is the same to you or it puts you in a worse position.

>>8604343
TLDR Op. I’m rolling

>>8608368
Was just thinking of all of this recently. And sorry to hijack but I had to ask...in theory if you told them you lost your username/password or some bs like that or you just can’t simply find any of your old trades, would you simply be forced to pay the short term capital gains tax? This is assuming they go along with all this or you basically have no trade record, just how much you deposited on CB years ago and how much you’re taking out now. Also what is the “give a fuck” tier of a deposit? 1 million? 2 million?

Finally, roll

>>8608386
Ah I see. I understand what you are saying now.

Tough decisions anon. Also ETH looks like it might plunge a bit lower soon. I guess the question really is whether you believe ethereum will go back up to $1400+ like before or is it all over?

>>8604343
roll

>>8608472
>Tough decisions anon. Also ETH looks like it might plunge a bit lower soon. I guess the question really is whether you believe ethereum will go back up to $1400+ like before or is it all over?
Right, to bottom line it, I'm in a really precarious spot where I can essentially cash out and get a house and kind of walk a very fine line of self-sufficiency. The downside is that I lose out on the rebound, the upside is that ETH might continue to tank.

>>8608495
You seem young. You can wait another year to let it rebound and cash out. By your own logic...paying max tax on your cash out is in the spirit of the tax laws. Since you haven't cashed out.....then....

>>8604343
Don't forget that you have to pay property tax

Even if you buy a shithole house and fix it up for cheap, if it's in a good area prepare to get RAPED by property tax every month. Nobody on /biz/ will think to warn you about this because nobody here owns property.

Gotta pay for other people's kids to go to public school, OP!

>>8608495
Why don’t you do half and half? Tbqh 30k isn’t that much money in the grand scheme of things so if you were to put that 30k down on a 60k dollar house you’d probably get a great mortgage rate. Most people put down 20%, if that, so putting half down they’ll have more faith in you. Plus you’ll pay that off in no time if you do a 15 year mortgage and you make some extra cash and pay into the principal occasionally. From there just get a semi decent paying job and I’m sure you’ll be able to still make the payments. Hell, pull out 40k and put down 30 on the house and save 10 for emergencies. Unless of course you don’t even want to work, in which case this is a bad plan but I assume you’d still want to do something for a living. And if money gets tight you can do those things you mentioned like rent a room, do Airbnb, etc. And in the end you still have some money in crypto in case it rebounds.

>>8608572
I don't care about the tax aspect and that can be dealt with as a separate matter. I'm interested to hear why I seem young, but I am in my late 20's (not to imply that this doesn't make me young).

>>8608610
Looks like property tax is around $2k a year in this area if Zillow is to be believed

>>8608615
>you’d probably get a great mortgage rate
Because of this:
>>8605394
>I am a NEET with no income and no work history. No lender will touch me

>>8604343
rollin for the weekend

>>8604343
roll

>>8608451
If you get robbed/lose you laptops/password that's a capital loss event. You don't pay. But I seriously don't know because a lot of people will abuse this and they will inevitably change the laws to be more punitive if they catch people defrauding. They aren't quite there yet.

>>8608615
>>8608632
Also, to pay the house off and have a bit of a cushion, I'd realistically need to cash out most of my portfolio.

>>8608572
You said you were NEET so I guessed you were in the 25-27 range

>>8608610
Depends where he lives. Here in Illinois I get fucked big time (small house but I live in a decent middle class neighborhood). If he lives anywhere that isn’t a draconian Democrat ruled state it’s not uncommon for him to only pay a grand or 2 per year even in a nice neighborhood. I know people across the border in Indiana/Wisconsin that live in house twice the size of mine and pay a fifth of what I do in property tax.

>>8608671
Makes sense. Essentially I just need to choose between something that could be life-changing now and the potential upside and downside of waiting it out.

>>8608683
I can just budget for it, before /biz/ was crypto there were plenty of "save your piss" threads and those were right up my alley.

LINDA

>>8605615
When crypto moons in the next month or two all you ta faggots will be btfo. Most of you niggers at the beginning of the month said btc would be 4K by now. Ta is for retarded street shitting nigger pajeets.

>>8608723
>4k by now

So their estimate was off but their direction was correct. You don't think that's useful?

BTC is on a clear, steady downtrend.

Roll pls juliana

Op was it powh.net? Be honest did you get a lot from there and do you recommend it?

>>8608632
In that case I’d hold the crypto if you can afford to. I’m sort of in the same spot. Put in about 10k, was at 280k at peak of bull run, now at 90k the last couple days. I’m dumb for not taking profit but it is what it is. I’m ok financially so I’m in it til 7 figures and I pull some out or it all crashes and I take my initial investment, the latter I just can’t see happening. Yea so basically my advice is hold out if you can, otherwise fuck it and cash out and start your plans.

>>8604343
Roll

>>8608828
I live with aging family members who won't be around forever and I've got nothing else really. Minimal debt (small amount of student loans)

>>8605011
>get a loan as lil as 300k
fuck off nigga you out of your mind. I wanted to take out 30k loan while I had stable job and 10k in cash and the banks gave me the middle finger. I was lucky otherwise I would have spent even more on crypto..

My point is banks are very picky when they giving out imaginary money. Like they have anything to lose... fucking banks lets burn them, and the rich too. Fucking slaughter the 1%.

>>8604343
Fuck you with your 65k house faggot just buy it a shitbeater house in my area is like 1-2mm
Hell a 800square foot townhouse is 1.2

Please be good

>>8604343
>rollerino
so many hot grills
i want a petite brunette one.

>>8608843
Screw you OP I had $20 to my name at your age and my parents were already in their 60s with no jobs. Had 100k in loans. You are just struggling to decid whether to cash out 100k or 2-300k next year with minimal loans, not a bad situation to be in.

>>8608942
Ok, I'm not exactly crying about it, I'm just trying to make the correct decision. I think it's a no brainer if I can pull off the house thing but I'm not sure if I'm selling the bottom or making a naive mistake etc. Just soliciting advice.

>>8608881

You sound like a low IQ, uneducated piece of white trash.

Giving somebody an unsecured $30k personal loan is very different from the bank giving providing a mortgage in order to purchase real estate. With real estate, the bank can always take ownership of the property and sell it the loan can't be paid back. With a personal loan, however, the bank has no recourse if the lendee fails to pay.

Banks are actually pretty desperate to give out mortgages since interest rates are so low. Also, the Federal House Administration (FHA) provides mortgages for as little as 3.5% down. It's really not hard to get a mortgage.

>>8604343
>first degree murder
Yep that's bout where I draw the line between evil fuck and "criminal"

>>8609006
That's interesting and compelling, but I think I am an extreme case. Unless they'll just let my elderly uncle cosign and be happy with the fact that I have 50% down, I really don't see it as a viable option and would be much more comfortable simply cashing out and having a house free and clear of debt, and simply living with the expenses thereafter. What are your thoughts on that?

>>8604343

>>8608956

No matter what you do, take your money out of crypto.

Greedy brainlets HODL and end up losing everything. Don't fall for the meme. Cash out now while you still have a sizable profit.

>>8609055
I may see if uncle will float me the cash, tether some up (?) and slowly cash out. Should have done this in February, would have been a much clearer path. Nice roll btw.

>>8609033

Don't assume that they won't lend to you. Spend 30 minutes and call a few banks/lenders.

> having a house free and clear of debt

It sounds great, but you'll still have to pay property taxes, insurance, and maintenance costs. It won't be free.

Also, if you're young, it's better use that money to buy an asset that PRODUCES money as opposed to something that CONSUMES money. A single family home that you live in CONSUMES money every month. A duplex, townhouse, or apartment building that you share with tenants PRODUCES money every money.

If you do this right, and start buying cash-flowing assets right now, you'll never have to be a wageslave.

Living in a house that's free and clear sounds good at first glance, but you'll still end up being a wagecuck in order to pay for property taxes.

>>8604343
get

>>8609149
>It sounds great, but you'll still have to pay property taxes, insurance, and maintenance costs. It won't be free.
I'm assuming 2k/year (based on Zillow) for property tax, $500/year for insurance based on a quick google (probably very wrong), and I'm not sure about maintenance. I don't assume that I'll live for free—I will certainly budget and if I think I can't make it work, I won't pull the trigger.

>>8609149
>Also, if you're young, it's better use that money to buy an asset that PRODUCES money as opposed to something that CONSUMES money. A single family home that you live in CONSUMES money every month. A duplex, townhouse, or apartment building that you share with tenants PRODUCES money every money.
I understand. My thoughts were simply that I'd rent out a room via AirBnB.

I don't mind being a wagecuck, my goal isn't to be a NEET forever, and having only expenses to worry about is quite nice compared to having a giant black hole of a future.

But I understand where you are coming from. I suppose I can call around and talk to bankers etc. I wonder if they'd give my uncle a mortgage if he simply has the cash to pay it off in full anyway.. would make life much simpler

>>8609006
>Banks are actually pretty desperate to give out mortgages since interest rates are so low.
yeah yeah dumbfuck. you know nothing and you clearly know nothing about raiffeisen. fuckface. also you sound like the average small dick spoiled american halfwit with mountain sized ego. fuck off nigger

>>8609193
>I don't mind being a wagecuck

You will when you've been doing for 10+ years with no end in sight.

You have an amazing opportunity to buy an asset that sends you a check everything month WITHOUT HAVING TO WORK.

It doesn't have to be real estate - that just happens to be the path I took. All I'm saying is that your money can work for you. It can multiply. It can send you money every month. Wagecucking is one of the worst ways to earn money if you already have some.

>>8604343
cash out, buy back x3 next month

>>8609298
>You will when you've been doing for 10+ years with no end in sight.
>You have an amazing opportunity to buy an asset that sends you a check everything month WITHOUT HAVING TO WORK.
>It doesn't have to be real estate - that just happens to be the path I took. All I'm saying is that your money can work for you. It can multiply. It can send you money every month. Wagecucking is one of the worst ways to earn money if you already have some.
I understand, but what are your suggestions in that regard? Buying a duplex just isn't in the cards unless I can basically get a loan on top of what I cash out, which is maybe doable... but they're all significantly more expensive than a cheap house, which is 65-85k. A duplex in the same area seems to run 150-250k minimum. I see one for around 110 but it's got no pictures, could be gutted for all I know.

>>8609258
>raiffeisen

I didn't realize you were Romanian. My apologies. I don't know what the situation is over there. I was speaking from an American perspective (land of the free, home of the brave) where it's easy to get a mortgage since the government encourages and subsidizes home ownership.

>>8609348
>I was speaking from an American perspective (land of the free, home of the brave) where it's easy to get a mortgage since the government encourages and subsidizes home ownership.
Context: uncle isn't rich but has some money and I think he'd be open to helping out. He probably has 150k in the bank and takes a pension as well.

I have 100k in crypto before taxes, taxes not really being an issue until later

What do you propose as the best solution? I just want to make sure I'm not sitting on this constantly bleeding portfolio if that's what it comes to.

>>8604343
Rollin

rool

>>8609348
>(land of the free, home of the brave)
>gets shot while going to math class
>gets mugged while going to wallmart
>gets a boeing in the face while doing a soul breaking job
>3000000000000000000000000000 debt
>lowest iq country with as much manipulation and brainwashing as possible
>wants to fly to hawaii, gets cavity seach
>muh braveness! muh freedum
your country single handedly literally ruined the world.
but you were almost right with romania, I give you that.

>>8608752
So they’re completely btfo and your nigger brainlet response is, “they’re prediction was off” do you hear yourself faggot?

>>8604343
roll

>>8609471

I actually agree with all of those things. The United States is definitely a shit hole and only getting worse. We elected a literal retard to be our president on the basis that he would build a 2000 mile wall. We aren't the brightest bunch.

Sigh, roll.

>>8609694
God dammit. :(

>>8604343
Rollsafe

If your current expenses are low then just wait it out my man, despite the fudders the market is pretty much guaranteed to reverse its current trend anywhere in the next 6 or so months.

Just chill and NEET it up until the market recovers, then cash out maximum half of your crypto gains so you can still get a part of the massive future gains to come as the more quality projects in this sphere start actually being implemented in the real world.

>>8604343
roooooooooooooooollllllllll

give it to me and i will wire u the monnehs

>>8609765
>RER
rerioolllllllll

>>8609757
>If your current expenses are low then just wait it out my man, despite the fudders the market is pretty much guaranteed to reverse its current trend anywhere in the next 6 or so months.
Based on what?

Can't you get out of US and cash out?

>>8609966
makes no difference and I want to stay in the US

None of these chicks would want to stay with me :/

>>8609966
Not really the main issue desu, but I do want to stay in the US

>>8604343
Reollin

Rollier83827281

>>8604343
ROLL

>>8604343
big roller

>>8604343
Rolling

Roll

>>8604343
roll

Rull

dont cash out... sell enough to travel to cheap country, have fun for a while or get a job, keep some bitcoin and some selected alts for 5 years

>>8604343
roll

>>8604343
roll

Big tity goth gfpls

llor

haven't seen this image in awhile

>>8604343
Purify me

>>8604343
Rollin

>>8604343
two words
CHAIN
LINK

Roll for qt

Lets see. Rollan

>>8611920
Yuck. Reroll.

Rollio

eikk

>>8604343
rollin and hatin

rollo

Illegal Twerk...

What the fuck

>>8611955
lil' alien. come on man. reroll.

rollin'

>>8604719
>tfw you'll never go on necromancer adventures with Russell and learn the dark arts

roll

>>8604343
roll

Roll

>>8604343
Lol

>>8604343
roll

>>8604343
rollin for russ