Should Crypto Investors Rent or Buy Their Home?
In this clip from one of my collaborations with Cedric Dahl out in Barcelona, we discuss whether cryptocurrency investors are better served buying or renting where they live.
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Crypto investors should be 50 percent crypto, 50 percent real world assets. Get out of debt is your number one objective if you want to be free.
Roger that. You might enjoy this podcast episode on that very topic:
https://dsound.audio/#!/@beunconstrained/20190721t011538945z-the-unconstrained-podcast-episode-001-introduction
• Barabara Corcoran. 🔥
#Sharktank Investor
And she said that crypto home sales will become a common phenomenon in the coming years.
#crypto
#cryptocurrency
$BTC
#realestate
#home
#buyingVSrenting
A home that you live in is not an investment. It is a liability. You have to pay money to maintain it, clean it, fix it, power it, etc. It doesn't pay you back unless you sell it. The problem is that if you sell it, you still need a place to live. Hence it is a life obligation & liability. The argument of choosing rent vs. buy only is worth having if you intend to pay off the mortgage in full and own the property freehold. If you are looking at retirement, then this would be a prudent strategy.
The thing is that food, shelter & clothing are physiological needs that we all have and without any of these, we die. Bitcoin is not something we must have to survive, therefore it is more of a tool to empower the individual to obtain those things that sustains us. I would put priority over shelter than holding any form of investment, no matter how attractive that investment is.
That said, if you are buying real estate to generate rental income, then it is a much easier debate to have - will I get a better return on rental property or crypto? Both have pros & cons. Rental properties have great tax deduction strategies. BTC does not. Rental property generates cashflow AND equity increase. BTC only generates an equity increase. The thing is that real estate rate of return is way slower than higher risk investments like crypto, and the same comparison could be made for any high risk investment. But at least we are able to compare investment strategy A vs. investment strategy B.
If you are looking at a home as a means of shelter, again I repeat - it is not an asset. It is a liability. Hence you can't compare a liability with a liquid investment asset such as crypto.
Our house is sitting on land that has been in the family since the US civil war. No mortgages or rent as far as I know in over a century. Taxes are the only issue.
Amazing video Definitely buddy, you're one ofy best content bringer on 3speak and obviously u lovely day session there, I definitely think can Cryptocurrency investors should own their houses unless they have a pure polished business they're running, because of the volatility and unpredictability of crypto. That's to say to uphold capitals, seems Herculean, that's why it's it's important to buy when you have the privilege. So I think crypto investors should buy rather than later rent
Home is a primary need for humans. Crypto investors should buy or rent a house. Buying or renting a house using crypto will be an alternative in the future because it is more efficient. Have a nice day, sir.
If you are not a real estate trader then investing in homes is not a good idea. What i want is, Make money through crypto because this is quickest way if you have skills over trading and then travel the world, Look after my crypto assets anywhere. And Earth is my home.
That's call funny... But crypto investor get beying or renting house.. They are not use in this time.. They will be use or selling house in future... Bcz old is gold
A great topic that will no doubt be on the minds of many in a new world we are stepping into.
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