/biz/ - Business & Finance

[Anonymous No.55687782]

im just going to say it. if you dont own at least a small condo in an american city center or a decent plot of land anywhere in america. youre ngmi. and yes im saying that as someone who's a major believer in crypto, but real estate is what saved my life this bear market otherwise I'd probably have kms from crypto losses

[Anonymous No.55687797]

>>55687782
how did real estate save your life? the fair market value on your plywood box went up 10-20%, okay. what are you going to do with those paper games? lateral into another plywood box that also went up by another 10-20%? take out a home equity line of credit at 8% interest? rent it out and cash flow a whopping $200-400/month before taxes?

[Anonymous No.55687808]

I own land in bongland France and Portugal. Sold my place in Spain to buy chainlink for 5.50..
Being tied to your land is just as bad as being tied to your bags

[Anonymous No.55687809]

>>55687782
>if you dont own at least a small condo in an american city center
>hobo camp on sidewalk
>guests have to pay for parking
>$300 hoa fee

[Anonymous No.55687811]

>>55687797
>rent it our for cash flow of 200-400$/month
Been a while since you've looked at rental prices huh?

[Anonymous No.55687822]

>>55687811
no, you're just an idiot who doesn't know how to run numbers. it's cheaper to rent than to own in the vast majority of the country. https://www.cbsnews.com/news/real-estate-cheaper-to-buy-than-rent-four-cities-home-prices-mortgage-rates/

[Anonymous No.55687825]

>>55687797
my tank of a building was built in the 40s. its brick and steel btw. its gone up 2x in 10 years, not 10%. and I've saved $1k+ a month living here. the city I'm in is just now catching on as a city just outside an even bigger city but still on the train line to the bigger city.
this place will guaranteed double again in the next 10 years. you wouldn't get why having a secured shelter as an investing fortress from whence you can make great mistakes in crypto and still have a major safety blanket then youre probably low iq.
if you have an investment that enables you to take greater risk on other investments youll get rich faster. you dont think Buffett owned his house? b b b but if he put it all in coca cola instead of just 40% now he'd be a trillion quadrillion aire, nope guess again, he probably never would've held so long.

[Anonymous No.55687871]

>>55687825
>> 2x in 10 years
bitcoin went 2x in the past year.

[Anonymous No.55687877]

>>55687871
pepe went 1 million x last month. whats your point? oh lmao you want me to buy your ponzi I see

[Anonymous No.55687887]

>>55687782
What if I live in a civilised country?

[Anonymous No.55687890]

>>55687825
>its gone up 2x in 10 years
s&p 500 has gone up 3x in 10 years.
>this place will guaranteed double again in the next 10 years.
you forgot to discount this niggerbrained analysis for "return to baseline" mortgage rates.
>investing fortress
it's not an investing fortress because again, what are you going to do? lateral into another overpriced plywood box that did a 2x in 10 years?

[Anonymous No.55687894]

>>55687877
you are blabling about real estate , while in 95pct of cases its a lousy investment. if you have 50 bitcoins its better to keep those bitcoins than to sell them to get a house.

[Anonymous No.55687906]

>>55687887
>india
>civilized
lmao

[Anonymous No.55687913]

>>55687890
he also forgot its highly illiquid and he has to pay taxes, and a plethora of other things . he's literally stuck with his house. while if you have the equavalent of a house worth in bitcoin. you are free to move around. anywhere in the world and keep your value at all times.

[Anonymous No.55687933]

>>55687894
lol at btc maxis. id rather kms
>>55687890
lol at s&p maxis. I'd rather kms then own FaZe and BBBY stock
did I say take a mortgage?
I already said what I'm going to do with my investing fortress, buy shitcoins and hold with the security that if I lose it I'm still not stuck paying rent

[Anonymous No.55687944]

>>55687933
yeah you rather stay poor we understand.

[Anonymous No.55687954]

>>55687913
lmao btc maxis trippling down im gonna ditch my own thread you people are insufferable to think your ponzi compares to real estate or even gold.
its not illiquid I could sell in 2 weeks flat. you actually don't pay taxes on sale, unlike btc, because it was a primary residence so I can cash out $250k profit tax free. youre a dumb fuckinf foreigner aren't you

[Anonymous No.55687959]

>>55687894
i think real estate is a good investment... just not now. the greatest advantage is guaranteed leverage but 7-8% rates fuck everything up. the collapse of cash flows and the fact that it's cheaper to rent than buy right now is also another massive detractor. remember how the 2% rule became the 1% rule became the 0.75% rule?

[Anonymous No.55687973]

>>55687944
says the proven retard btc maxi
>>55687959
im not pushing people to take mortgages buy real estate with cash outright only

[Anonymous No.55687980]

>>55687954
>I can cash out $250k profit tax free.
again, what are you going to do? lateral into another overpriced plywood box?

[Anonymous No.55687986]

>>55687980
well at least you got my point and clearly finally have no dumb rebuttal. enjoy your 30% tax rate.

[Anonymous No.55687988]

>>55687973
>im not pushing people to take mortgages buy real estate with cash outright only
impractical to the point of irrelevance.

[Anonymous No.55687997]

>>55687988
>t. zoomers everywhere

[Anonymous No.55688003]

>>55687986
LTCG maxes out at 20%.

[Anonymous No.55688027]

>>55688003
make sure not to sell on day 364 :))) sure hope it doesn't doooomp toooooomorrow
meanwhile again my tax rate is 0% on my investing fortress and I've said $100k just living here rent free in a decade. that's 100k less in direct wage slave hours

[Anonymous No.55688078]

>>55688027
meanwhile I travel around with my stack of bitcoins and I don't even need a job. enjoy your fortress lmao

[Anonymous No.55688124]

>>55688078
>y y y you cant travel
>y y y you need a job
>b b b buying real estate without a mortgage is IMPOSSIBLE
come on pajeet zoomie just learn when to shut the fuck up

[Anonymous No.55690742]

>>55687782
Fair enough, but what about AI like Blackswan? The trading bot uses AI to execute instant trades based on news releases. It helps you to enter positions before the market reacts, whether it's bullish or bearish news. You can specify the events you want to trade on. Their twitter/website has more info on it
website: blackswan dot biz

[Anonymous No.55692324]

>>55687782
As long as you don't sell the losses of your altcoins, you're still safe, faggot as the bull run is approaching. Just make sure to bag alts with solid fundamentals like Iris, Dua, Sand, and Reef, as they will recover next season. Not those memecoins.

[Anonymous No.55692359]

>>55687906
>screencapping a shitposter with a memeflag
ngmi

[Anonymous No.55692372]

>>55688124
round up all the poopjeets in the area and have them taken to the site thats all destroyed with jeettrash and have them all caned to the point they are begging you to stop. than make them clean up the mess completely for days and only once its cleaned can they go back home to their lives. if it happens again they get rounded up and deported into the bermuda triangle

[Anonymous No.55692375]

>>55687782
I fucking hate boomers so much it's unreal.

[Anonymous No.55692536]

having sex and spending money are actually two different activities, not that OP would know

[Anonymous No.55693844]

>>55687894
It depends on risk appetite. If I didn't own a home, I'd sell some btc to buy one cash, just for peace of mind. Someone else would say, "get a mortgage, it's smarter." Because I'd rather own it rather than have the bank own it.
Anything could happen tomorrow, including housing going to 0. But I still own a place to live.
Of course maybe my castle gets overrun by niggers carrying pfizercovid2025superaids and I still lose.

[Anonymous No.55693867]

>>55692375
1/5 of them are fags. it's science.

[Anonymous No.55693899]

>>55687825
Real State is retarded. You don't know your worth until you sell. It's not liquid. You are trapped on the same place.

Having a million on the SP500 allows you to move around and live off liquidating 3% yearly without ever losing your principal. Having a million on real state gives you a potentially cool condo while you are still a waggie, or a shitbox if its an expensive place.

You basically need 2 millions to make it. A million dollar house and a million dollar in investments. Everything else is a scam. If you have to choose, SP500 1 mill is obviously a better position.

[Anonymous No.55694029]

>>55687782
But I don't live in America.

[Anonymous No.55694243]

>>55687782

>buys property in a 3rd world country in 4th stage pozzing
>has everything to lose
>tells us who have nothing to lose that we are ngmi
>kek. jej even.

[Anonymous No.55694259]

>>55687782

>buys property in a 3rd world country in stage 4 aids poz
>has everything to lose
>says ngmi to poorfags with nothing to lose
>he probably invests in crypto too
>kek
>jej even

[Anonymous No.55694286]

>buys property in a 3rd world country in stage 4 aids poz
>has everything to lose
>says ngmi to poorfags with nothing to lose
>he can't even into accelerationism
>dyel but for reading fanged noumena faggt