Fotoart on Nostr: Buying a house straight up, probably not financially wise considering you'll preserve ...
Buying a house straight up, probably not financially wise considering you'll preserve more purchasing power leaving it in BTC.
Next option, using a mortgage to leverage fiat, may be better off interest rates are really low, but that has never been consistent on a typical term, like 25 years or more. Couple the fact that you could have used that same money, that same systematic payment system to invest the capital portion into Bitcoin, rather than paying down a loan that usually brings in X2 or more of the final cost of that mortgage, it seems so financially unwise.
Not to mention the fact that laws change, tax rules change, maintenance cost on the home, insurance cost, realtor fees (if you use one), lawyer fees for the transaction of the deed, the list goes on...
Solution: Keep your money in Bitcoin, pay that "mortgage" to yourself, and rent so you are flexible to move when you need to and can handle fluctuations in your personal economy. A better job somewhere else is now easier to transition to, a loss of income makes it less stressful to move to simpler accommodations to deal with the change.
Bitcoin becomes your property in which you draw the capital more quickly, easily, no matter where in the world, rather than having to wait for someone, and the economy, to sell your home to get that value out (unless you go with a reverse mortgage).
But I think there is a good time to buy a place and that's when you know for sure that that place will grant you more health than the wealth in your BTC account.
Next option, using a mortgage to leverage fiat, may be better off interest rates are really low, but that has never been consistent on a typical term, like 25 years or more. Couple the fact that you could have used that same money, that same systematic payment system to invest the capital portion into Bitcoin, rather than paying down a loan that usually brings in X2 or more of the final cost of that mortgage, it seems so financially unwise.
Not to mention the fact that laws change, tax rules change, maintenance cost on the home, insurance cost, realtor fees (if you use one), lawyer fees for the transaction of the deed, the list goes on...
Solution: Keep your money in Bitcoin, pay that "mortgage" to yourself, and rent so you are flexible to move when you need to and can handle fluctuations in your personal economy. A better job somewhere else is now easier to transition to, a loss of income makes it less stressful to move to simpler accommodations to deal with the change.
Bitcoin becomes your property in which you draw the capital more quickly, easily, no matter where in the world, rather than having to wait for someone, and the economy, to sell your home to get that value out (unless you go with a reverse mortgage).
But I think there is a good time to buy a place and that's when you know for sure that that place will grant you more health than the wealth in your BTC account.