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Proofofworkau / Proof of Work Au
npub1kjs…cgsm
2025-01-23 10:55:18

Proofofworkau on Nostr: For anyone ready to buy an investment property in Australia, here is the description ...

For anyone ready to buy an investment property in Australia, here is the description in the bank statement once it settles.

This was many years ago, but I dug it up for your appraisal.

Yep... government search fee... that is literally just putting your address into a search bar to make sure it's a real property.

$40,000 later in stamps and transfer fees, and you finally have an investment property for strangers to live in and completely destroy.

By the way, every 12 months on average, they would move out, so we lost 1 month rent for the new listing, plus another 1 month rent for the advertising fee.

In the 8 years we had the property, 11 months were loss of rent or used as advertising fees.

Approximately $20,800 just for this expense over the 8 years.

If you held $100,000 in Bitcoin and it drew down $21k, people would call you a loser and gambler.

Then 2 years later your Bitcoin is worth $200,000 and the same people call you lucky.

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npub1kjsnzq3gf0tg08tnxzkvezeuy2rc6lnxn8uukqh795dyfhgyhmhse8cgsm