>muh obscure cyptro currency will be useful and is a legit store and of value.
Or you could do what I just did. Purchase a duplex and rent out the other side. The typical American who can't save money and lives pay check to pay check pays my morgage. My cost of living is lower than any renters. I can save shit tons of money with my higher income.
>there's a crypto for that, senpai
Why not just buy REIT
Cutting out the middle man.
This guy also lives paycheck to paycheck kek
Land will always have value. With home ownership on the way down, all the crypto cucks will need a place to live when their parents die.
Land is still the best store of value.
>Bitcoin-Realestate.com
>b-but it's fake useless money
>tfw you remember a girl auctioned her pussy off for an epic flying mount in WoW
Everything is arbitrary, value is only determined by supply, demand, and the market.
>buying real estate with the age demopgraphics
There is no 'win until they all die off. There are just too many of the boomers to arrange anything different. It's a problem of scale, not markets. When roughly 50+% drop dead of something....there will be no value in any of those homes regardless of the bank promises.
Land has a very limited supply. Bit coin clones are created on a whim and go out just as fast.
Land will always be the best store of value. Land, Labor, Capital. Land is what your cuck coin miners PCs are built on.
> load up on SNH
> basically no transaction costs, high liquidity
> diversified across the whole country
> my quarterly payouts are pretty-much exclusively extracting rents from the boomers
> up like 20% for the year
Yes, I could've bought way more on margin and be making enough to pay my bills if I were nuts like OP, but I prefer not to overextend myself.
s
Lol dafuq? Who said anything about Bitcoin clones? I think you completely missed the point.
You realize the transaction costs for specific properties are obscene, plus you lose money because every participant in the RE industry is lying to you, right? With REITs the "middleman" is a person whose sole business is managing real estate bullshit and who's on your side.
Most of the US economy is based on the federal reserve keeping rates low so you can go into debt and buy a house. The hyper inflation and colaspe of the system still benefits the rental property owners. If prices crash and people lose there homes they have to live somewhere. I'm not buying real estate for future selling. I'm utilizing it as a product.
Also, People dying does not magically mean homes go directly to market.
You are talking about morgage brokers and real estate agents?
Not an issue, I bypassed both of those and purchase directly through the seller. The only 3rd party was the bank and the title company.
You have to be retarded to be unable to beat a REIT's performance by renting properties yourself. My realized returns on properties in lower class OH are all over 20%. 30k in -> $745/mo 40k in ->$795/mo. Maybe where you live a REIT is a better option. There's an abundance of areas where you will crush any REIT with ease. Quit thinking letting other people handle your business is how you'll make the most money. Grow some balls and do a sliver of real work if you ever want to be wealthy.
Nice! I still personally avoid RE as an investment, I think it's too manipulated and that there are too many overleveraged buyers who are gonna have a rough time in the near future, but it sounds like you know what you're doing. Good luck!
> you'll never get rich doing whatever you're doing, even though I have no idea what that is. become a real estate manager instead!
You should write for the Financial Post.
>renting
renting is a meme and not worth the headache unless you have someone else dealing with it
Show me your REIT that gets that return.
I'm not saying you're necessarily wrong but I can click a button and get 4-8% return with a REIT you assume a lot of risk and headache to make 20%. One bad tenant can ruin a small landlords profit
My point is that my existing job yields around $12000/mo. If I spent all day researching real estate markets and managing properties it would take more effort and -way- more risk to get that kind of return.
>buying real estate while in the middle of housing bubble 2.0
>not expecting housing to tank after FED kikes finish dumping the MBS's they bought from the TBTF banks during the last crash
Fair enough, to me the risk has been well worth it over the years. Risk is where the real money is made in most markets.
I never pretended to care what you do. My main solo business nets actually a bit more than that. I only argued that beating a REIT consistently is easy. I still maintain that. In my case the effort is not great. I've done rough calculations and even given that I make ~150k/year in my biz RE has been worth my time. Risk cost included. I get triggered when people act like risk is this wild devil that needs to be avoided. Risk can be calculated. If you wouldn't play the winning side of a risk bet then you're not of sound financial mind.
And all the people who lose out will need a place to live. The last crash drove up rent prices.
Mining rigs currently pay my mortgage, even in the great (so far) dip. They're perfect roommates. They stay in the basement. No dirty dishes, don't fuck up my shit.
I'm thinking of expanding, buying another foreclosure and building a few more rigs.
Rates are still down, get em while you can sub 4% is insanely cheap money.
Why? Because I can't fucking find a property where you would get 1% in monthly rental out of its cost.
Situation here: apartment costs 300'000 EUR
Rent for the said apartment: 800 EUR a month
Cool.
When can I buy a condo with crypto?
>buy real estate
>ZOG floods your country with third world animals
>youre real estate is now worthless
how is this a good idea in todays uncertain times?
Mumbai
I really like the tech on this one!
Good work OP. Planning on putting a hefty down payment on a nice 3 family in my small city next year. That is if my 1.1k ANS moons anway.
Really? Are there any counties with proper washroom facilities that would let a foreigner buy an apartment with crypto?