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RE: Be Greedy When Others Are Fearful...

in HiveHustlers26 days ago

I'm with you on this one mate. 30% fire sale and if it goes down more, no problem for me, I never invested more than I could afford to lose anyway! I just wish I had a bit of dry powder but I am diversifying into real estate so as to not have all eggs in one crypto basket so to speak!

Happy shopping!

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I have been having issues with the real estate thing... I went and have calulated a couple of properties and when you look at how much yield, DEFI is killing real estate, lol. Plus I am not sure I want an asset at the moment that they can take from me. Can't take my crypto! I think if I go the real estate route, I am looking into the rental arbitrage world honestly. Because do you really own real estate? If you are paying a mortgage, the bank still owns it, if you have the deed and don't pay your property taxes, the government can still come in and kick you out... So do you really ever own your real estate? I have really been questioning this for a while because I want to buy some land somewhere to build a solar power farm.

I don't know how it works in the USA but in the UK, you really need to check the property is "freehold" which means that you own the land and the plot/property in the specific area that you are purchasing. Of course, if you can buy a house outright by borrowing against crypto or some other ways then the bank won't need to be involved but for most, getting a mortgage and tying yourself down with a 35 year debt is where most will end up.

For me, I'd just like to have my own place that I can do up then rent it out once I get past the first few years and add to the cashflows from crypto + job then re-invest, wash rinse repeat. It's a big decision and often the case that it's one you make having only spent about 20 minutes looking around the place you're going to buy/move to!

I'm sure you will do your research and look in to all the legalities. Everyone has their own situation, risk, goals etc. As long as you make sure you have enough cash to buy the dips, that's all 😜

Oh I have owned homes before and know that game. But you can outright purchase a property if you want here as well, just be prepared for the tax man to be up your arse wondering where the money came from, lol. Plus they always have a property tax hold on the land so if you don’t pay up, they take it.

Currently I am a vanlifer and loving the nomadic lifestyle. So really if I own any property it will be for income purposes only... meaning my dream of solar farms, which I can have in different places so it give me a place to park when I visit them to check in, lol. I don’t like dealing with people very much anymore so the thought of rental property kinda bothers me.

I have lost everything I owned in a hurricane, so when that happened my brain went into complete minimalist mode and I haven’t gotten out of it after 3+ years.

I love the idea of owning digital property that is mine and that is also liquid if I ever need it for any reason. Which is really hard to do for physical property. But who knows, maybe one day I will settle down, but why? Lol. My life is really pretty kick ass if you zoom out and see the big picture, lol.

just be prepared for the tax man to be up your arse wondering where the money came from

Lol! Yeah I have done deep dives in to taxes here and thankfully, first time buyers get a little benefit that we don't have to pay land tax (we call it stamp duty here, as in stamp more money out of your wallet) and there are some tax benefits I've been looking at taking advantage of - obviously they don't tell you about this!

So really if I own any property it will be for income purposes only

Yeah that's the way to do it and what I'm ultimately aiming for but can't do anything in the first 5 years of the mortgage that would allow me to let it out but that's OK as I have so much shit to be getting on with here that I need 5 years to sort it all out anyway! Plus crypto may have gone to Neptune by then which would make things a little easier!

my dream of solar farms

Have you looked in to Sun Exchange as well? That looks a pretty cool project.

I don’t like dealing with people

Say no more hahaha 😂 I work in customer service and it's definitely testing all my patience!

I have lost everything I owned in a hurricane, so when that happened my brain went into complete minimalist mode and I haven’t gotten out of it after 3+ years.

Ah man, I'm so sorry to hear that 😔 I can see why you would be very hesitant to get back in to the game again. Stick with the hottest digital property of them all (BTC) and just borrow against it if you need cash, live a nomad life, it sounds like it's the right lifestyle for you currently!

nice, feel nomadic myself as it just seems I must keep be a rolling stone lest I gather moss


Posted via proofofbrain.io

I love the life... really not sure if I will ever go back to a ‘normal’ life

my life has never been 'normal', not even sure I know what that means at this point nor do I want more "stuff", crap can own ya' right back
everyone can have a smart house mcmansion and be in a guilded cage and that's what it is imho


Posted via proofofbrain.io