nimnum-wisdev on Nostr: Well, if they have jobs they’re probably fine. Let’s say they want to keep the ...
Well, if they have jobs they’re probably fine.
Let’s say they want to keep the house? Just make the mortgage payments. They’re certainly at a much better rate than you’d get today!
Need to sell the house and move? In many places in the US that’s still happening quickly, and very likely the home is worth a lot more than two years ago.
So, I can’t imagine borrowing against my primary residence for bitcoin… but if folks did it two years ago they’re probably fine. The BTC loss is only a loss if you sell and who borrowed against their homes because of Saylor would certainly have known his timeline for BTC is not 2 years but hodl forever.
Let’s say they want to keep the house? Just make the mortgage payments. They’re certainly at a much better rate than you’d get today!
Need to sell the house and move? In many places in the US that’s still happening quickly, and very likely the home is worth a lot more than two years ago.
So, I can’t imagine borrowing against my primary residence for bitcoin… but if folks did it two years ago they’re probably fine. The BTC loss is only a loss if you sell and who borrowed against their homes because of Saylor would certainly have known his timeline for BTC is not 2 years but hodl forever.