5Cacti on Nostr: I figure if you own a home and have a dirty great big home loan (as is the tradition ...
I figure if you own a home and have a dirty great big home loan (as is the tradition here in NZ) then you're already super over weight invested in the property market, even if you had $50k in bitcoin like that person asking the question in the article.
To me the property is the big risk not the bitcoin. But I guess you could argue that risk reduces if you reduce your home loan size. So to me it's more a question of how much can you afford to invest in any other things besides your house, without risking going underwater on your home loan.
And that's going to come down to how much equity you have in your house relative to the property value, combined with your ability to service your home loan.
To me the property is the big risk not the bitcoin. But I guess you could argue that risk reduces if you reduce your home loan size. So to me it's more a question of how much can you afford to invest in any other things besides your house, without risking going underwater on your home loan.
And that's going to come down to how much equity you have in your house relative to the property value, combined with your ability to service your home loan.