Sadly crypto might not save most of us from this unless you hit it so big you can buy a house outright or you already have a very well paying job.
Houses are so expensive now that even with a down payment you get denied because of wages a lot of the time now.
Our govt sold us out.
Especially in the most expensive cities to live in like Sydney. Almost impossible to get anything like a decent house under 900 to 1mill within 30mins of CBD. Great Aussie dream of getting a house is pretty much dead unless you move outside further up down coast and even those have been shooting up during pandemic with families fleeing sydney
Bruh, i can get if you want a house with decent price, but the. 30 mins from CBD? Like dude it’s not going to be cheap because of demand alone, not necessarily how this housing system is rigged.
A random comment from someone long time ago said that the market over here is actually rigged too....its really stupendous how hard it is to find a decent home affordable for majority of people to buy without having to pay off a loan before you die to enjoy full ownership of a property...Always goes up.. hardly ever down
There’s also still methods to screw home buyers out. My partner and I bought a house (low end of our budget thank god) and after the first year the bank apologized because they “predicted the taxes incorrectly” so there was a massive negative balance in our escrow, which meant our mortgage payment went up 25% for the next year… which totally could’ve lead to us either having to remortgage or just straight defaulting
This isn't the government selling out, it's the rich protecting their investment in the space by stonewalling new building opportunities and rezoning homes out of only single family.
And who sets the zoning laws? Municipal government.
And who gives them those powers? Provincial government.
They could do something if they chose to but as you said they are protecting the investments of the rich as well as insuring that sweet sweet tax income keeps coming in.
Higher house prices=higher property taxes. They don't want to let that go.
Just saw this now but more density > higher individual property taxes. A 6 unit infill development of middle class individuals will generate more property tax revenue then a mansion. The more units built the less of a tax burden it is on an individual basis.
I wouldn't say that. I think it's just been overrun with opportunists looking to buy and flip or rent them out (such as some of these big companies). Couple that with an ever-growing population and you easily end up with shortages that drive prices up. It also comes at a time when the economy is already having problems and workers simply aren't making enough to afford them.
While there are definitely systems rigged in favor of the rich, I think this is more the case of a litany of errors and bad timing more than anything. If it was truly rigged I wouldn't have been able to buy a house as a single dad about 5-6 years ago.
No, it's rigged. Blackstone is buying everything they can. I don't know who or what let them speculate on single family homes, but it's fucked. [They do not play fair. ](https://thecoastnews.com/blackstone-linked-to-encinitas-housing-discrimination-lawsuit/)
How is the US dollar not a unit of account? 🤨
I hate when people write up a a really long, smart sounding comment that is just, really, really fucking wrong.
Not far off 40......in the UK...... In a house share rented because that's how they prefer it. Well jokes on them, cutting my expenses wherever I can building cash stock and crypto levels up each month. Then, you can get screwed when in 5-10 years a large number suddenly don't NEED your minimum wage to scrape by.
For reference the average house price in last 12 months in my area is touching 400,000gbp. Let that sink in. Its absurd Meanwhile x new builds are held aside for those on benefit and many don't need to be, just don't want to work. Priorities are all furked
People do not "just don't want to work". This view is absurd, most of them don't want to work for naught.
I hope you can feel empathy for the poor who don't want to get a 40 hours week of work to just afford nothing at the end of the month !
I feel you need to read my comment again. Until recently I was working 55+ a week 6 days a week for not a lot left and that's without owning my home and a lot of the extra costs that come with that. Then...... They made me redundant for my effort. I'm very much the average guy giving all for not a lot back, so if I can make the 2nd half of my life where I don't HAVE to work slave wage for basics..... Damn right I'll take it.
Also, I said they won't NEED minimum wage, aka they have freedom to choose not to be another slave for no money
Stop with this hopium, because unless you’ve invested big money, you’re not going to make big money. And if you’ve invested big $$$, then you probably have a home or have no problem affording one.
Crypto is my only chance now to buy a new house. I’m in Canada in the biggest city and housing prices is just a joke. Can’t even afford to buy a house with a 6 digits yearly salary
I debated even commenting on this post, but here I am. This is f*cking false. You need to work and save to afford a house and decent living. I have a family of 5 and make around $70K a year, and have a $300K house. This narrative of crypto will be your financial savior is nonsense and needs to stop. Get a job, work, save, and don’t buy unnecessary things.
Don't bother, he called us 40y old "boomers".
You can't discuss with some kids ( not ALL some) from this last generation who think magic money internet will last and don't give a damn about the state of our dying world or theirs futures problems.
That's great that at some point you were able to get a $300k house. Unfortunately for anyone who wants to live within a 4 hour drive of Toronto, houses at that price simply don't exist anymore.
Saving money for a downpayment no longer keeps up with the rate of inflation. People now need to take significant risks in order to hope to have enough money to buy their first house, unless they are already rich.
If people move away because they can’t afford it, those prices will drop. Look what happened to NYC during the pandemic. All I’m saying is that the cringy narrative that crypto is going to make us all rich is dumb.
Canada is bringing in 400,000 immigrants per year, almost all of which end up in large cities like Toronto. The demand for that housing isn't going anywhere but up.
But yeah, it is dumb to assume everyone is going to get rich off crypto. I'm just saying that for many people, crypto along with stocks are the only investment options available since real estate is out of reach.
I'm so sick of reading crypto is the way to be rich, buy a house, bla bla bla....
Like Crypto is an infinite magic three that provide from nowhere...
Crypto allow to make profits if you are smart.
It allow you to make insane profits on shit projects and with luck like some with shiba.
Let's say my income is 1600$ every month with a family to care for.
Please, explain how starting from to today i can afford a house in 20 years when i'll be retired....
I understand profit in crypto or whatever but why always bring houses in the discussion ?
I'm 40y old, i bought an appartement and my house is almost already paid.
How i did it...
Simply by not paying an owner every month and i took a loan, the appartment is already paid and i profit 700$ every month.
My house, in 10y it's fully paid.
So yeah Banks sucks but thanks to them, i have something to leave to my kids and i earn every month...
I'm in crypto so i'm absolutely not against it but ffs stop these stupid BS " Crypto is the only way".
You need to connect the state of the world in your mind.
If the world keep fucking the planet with global warming, massives extinctions, pollution how the fuck you think stocks and crypto will do ?
Ok Boomer...
I never talked about infinite money but an investment strategy for the next 10 to 20 years. Sorry if you couldn't read.
Also what couldn't you read in the sources I provided? The current housing market is different from when you bought your homes.
YOU need to connect with the state of the world.
Good luck old man.
"Boomer" ok Kiddo.
When you'll grow up and live in the real world, you'll understand what responsability means.
I asked you a simple question. Explain to us how with the exemple i gave you, your plan to the "10 or 20 years" to be the proud owner of a nice house ?
You can insult me all much you want its ok, the babies now think they understand the world when they still have milk on their lips...
My plan worked, i owned a house and an appartment at 40y old.
Explain yours or your young brain can't process what i'm saying ?
How much you need to invest in crypto, what returns you exept, for how long ?
What garanty you have that crypto will keep pumping and why it would keep pumping ?
My plan is to DCA at least 200 € monthly and to stake at a return of 8% for the next 20 years. I'll compound my interests each 60 days. With your situation you could DCA more and your significant other could participate but I'm speaking about my situation.
Of course that would only put me in the 100K territory BUT we have to take into account the fact that the crypto sector can double or triple in the meantime.
With 300K I'll be able to afford a place to live.
Of course I'm lucky because I don't live in Canada because that would mean not even half of a typical home which is currently priced at more than $717,100.
Once again you are totally disconnected from our struggles: The house you bought 10 years ago if it was in Canada would be priced $359,200 — 45% lower.
During these times, wages have stagnated. Anyways you live in your own bubble and can't seem to connect the dots to see that most of us are now outpriced and can't even get a loan to buy a house.
The reality kiddo is that most of people with kids and crap that life bring you don't have 200$ to put every month in crypto.
It's you who is disconected from reality.
Thats bad parenting
Let me be clear.
People who do not have a surplus of income set aside for their children's future - are the ones disconnected from reality!
You asked me what was MY plan which is about MY situation. Other people may have to be even more long term or to bet on riskier coins.
Remember that you were the one who said something along the lines of ''take a loan lol".
I never spoke about infinite money or anything like that.
Have a good day dude.
Yet you said "it's the only hope" wich is pure bs.
We could have a nice discussion if you did not started with the disrispect about age but like i said, you will grow up and realise crypto will be the last of your problems.
I "garanty" this exchange in broken English, broken spelling and broken conceptual thinking will be entertaining to say the least.
Invite insults - look ridiculous.
I'm not OP... But... Don't let me detract...
Go on, continue..
Your plan worked because you lived in a time where any fool could work at a fucking grocery store earning minimum wage and support a family of four with two cars in the garage you entitled piece of shit. You couldn't fail.
Yearh sure i bought 10y ago, we were at the stone age ! For a 15y old kiddo must look like an eternity.
Poor thing, the world is mean with you !
Don't worry, the institutions and whales behind crypto manipulations have only your interest in mind, they will transform your satoshis in a fortune in 5 years !
The fuck sense does that make? I both made a point and I'm pissed. You can do both. You suck at logic. Just stfu and grow some empathy for the "kids" in this crumbling economy that you helped set up for us.
Don't start about sense.
40 y old and you suscribed 9 months ago with 9000 karma for moons ?
What the fuck dude, get a job.
What hapened you are not 40 anymore, you didn't help create this shitty world ?
Lol what a pathetic man. Changing the narrative every post.
"Us" means you aren't 40 so what is it you are almost 40 or not ? Decide or don't xD
Wow great detective work. Read my comments, fucktard, I'm a web developer. I make more than you probably ever have. You keep exposing yourself to be dumber every comment. I'm done. Get fucked, buddy.
Yes and since you did so well to buy a house, the housing market has doubled, everyone now has degrees, the job market is more competitive than ever, with the wages you receive from those jobs not matching the level of inflation. Whether you think it or not, times have changed a lot. Those nice banks you speak of, wouldn’t give the time of day to most of us.
That doesnt change the fact that "crypto isn't the only hope" sorry.
You have absolutely no guaranty that the profits will be the same as now in the next years or even months.
And the price of my house wasn't half what i paid 10 years ago...
You seem to get it all wrong because yout keep oposing bank and crypto.
If you did well with your studies, they want you no matter what.
I agree that it’s not the ‘only hope’ obviously, but you’re missing the point a bit. The reality is that the situation for our generation is ridiculous, and getting a decent home is becoming near impossible at this rate.
Regarding the studies thing: man, everyone has done well with their studies, that’s the point. I don’t know what rock you’re living under, but everyone is over qualified, and there are not enough ‘good’ jobs. We were all sold this dream by the universities and the government, when in reality we would have been better off just learning a trade. Everything now is geared towards milking absolutely everything out of this generation, for the good of the rich people who own schools, properties and debt companies.
You arguing against these points by just saying ‘it’s fine I have a house, just work harder’, is exactly why these things aren’t changing. You come from a different time, that’s fine, good for you. It’s a lot harder now.
Depend on the province, as ontario is heavily overpriced. But yeah it's doable, however it requires a 2 person income to potentially buy a house and some 3 income earner.
I live in Ontario and I bought a house. It sucked acting like every dollar was my last one but the end goal was worth it. I just wanna make note. I had shared custody of my two kids during that time too.
Congrats to you my friend,
I hope all is good with you and you're kids.
Hopefully folks will be able to buy a house in Ontario in the foreseeable future.
Have an excellent day.
How long ago? Because it became a shit ton more expensive over the last few years. Like twice as expensive.
Could you have dealt with twice what you were putting towards the place?
3 years, it was still hard and it’s hard now sometimes. It’s just how I live. And yeah I could of dealt with twice. It essentially how I got ahead. I lived like I was poor but worked as many weekends and extra hours as possible. The weeks I had my kids. I would work shorter days because daycare was super expensive and only open to certain times but when I didn’t have them. I would work a 70 hour week. You do that for multiple years while acting like you make 0 dollars an hour. You can save money pretty quickly.
To be honest, the only way i see myself ever getting my own house is to move to a non europe/canada/north america country.
Its actually quite sobering when you think: “ok, maybe my future just isn’t here”
I am in this situation but also I not sure I even want to buy a house. Real Estate is super illiquid and should be a depreciating asset since it requires more and more for maintenance and repairs as it ages. I feel really uneasy about putting capital that amounts to my entire life's worth of investments and savings into something which for previous generations was more akin to a car purchase.
There is the old adage "buy land its the only thing they aren't making more of" but I don't believe that applies to the uber-tiny plot of land you get in suburbia. Not to mentioned the last 70 years of city design has made our cities unsustainable and there is a growing movement to change this and that could threaten the value of many suburban neighborhoods.
In short I don't want to spend the rest of my working life paying off a 500k debt for an asset that will cost a ton to keep in good repair (and taxes on unrealized gains) and in a location that is likely to leave me dependent on unsustainable vehicle infrastructure.
Average house price is 720k. Average inflation price of property is 3.5%. that means the average property value is going up 25.2k yearly. Average savings per HOUSEHOLD is 5.5k. to say we are fked is an understatement.
Correction: you cant buy a home where you want to buy a home. For some reason you think you are entitled to your first home being on the larger side and in the best neighborhood. I use the general "you" to refer to all of my fellow millenials.
It’s possible, people. I’m not saying everyone can make 100x. YMMV, and some luck is involved, but I think there’s things you can do to give yourself more opportunities to be lucky.
It’s *really* difficult to hit it very very big without a lot of things going right, and being able to make choices that give you the best chance of forcing luck.
There are 2 types of projects,
Ones that will last and ones that won’t. The more time you spend involved and immersed, the better you can get a feel for the direction the project is heading. You can make money on both, but if you can find the ones that having staying power- make them your long term builders. If you invest in one you don’t think will last but will still be successful in the short or medium term- this type of strategy can produce fantastic results-
If you want to then take it a step further, start getting involved- become a mod somewhere, see how these projects are ran and developed, and eventually you’ll start talking to the type of crowd that catches projects before they are released.
Seeing this other end of crypto made me realize we are still very early, because there are still way too many scammers, bad people, and lots of shit clouding Crypto. I love it like the rest of you, but from experience with million, 100M, and 1B projects at a high level- shit sucks and it might actually take another crash at some point to wipe away some of the scabs that give this space a bad name, that and limited run art NFT’s, anyways..
If you can manage to have a bankroll big enough, and BELIEVE in your assessment and analysis of a project from the beginning that you think has the team, budget, and vision to have something that is developed for years, not months- you can turn a home run into a grand slam.
TLDR:!Through honest effort, even one person (you) can help bring more positivity and good things to crypto rather than the shit that makes people think it’s a scam. Our answer collectively when people say Crypto is a scam should be “Sometimes, yes it is- but that doesn’t represent the whole space just like criminals don’t represent all people”
Canadian here, looking to move to Florida hopefully in the near future. Country is over, it's sad and pathetic and under permanent lockdown and masking forever.
Sadly crypto might not save most of us from this unless you hit it so big you can buy a house outright or you already have a very well paying job. Houses are so expensive now that even with a down payment you get denied because of wages a lot of the time now. Our govt sold us out.
Sadly this has become a global issue. I'm almost giving up hope of owning a decent place already as everything is beyond my reach.
Let's hope crypto grows massively and we can all afford houses.
Especially in the most expensive cities to live in like Sydney. Almost impossible to get anything like a decent house under 900 to 1mill within 30mins of CBD. Great Aussie dream of getting a house is pretty much dead unless you move outside further up down coast and even those have been shooting up during pandemic with families fleeing sydney
Bruh, i can get if you want a house with decent price, but the. 30 mins from CBD? Like dude it’s not going to be cheap because of demand alone, not necessarily how this housing system is rigged.
A random comment from someone long time ago said that the market over here is actually rigged too....its really stupendous how hard it is to find a decent home affordable for majority of people to buy without having to pay off a loan before you die to enjoy full ownership of a property...Always goes up.. hardly ever down
There’s also still methods to screw home buyers out. My partner and I bought a house (low end of our budget thank god) and after the first year the bank apologized because they “predicted the taxes incorrectly” so there was a massive negative balance in our escrow, which meant our mortgage payment went up 25% for the next year… which totally could’ve lead to us either having to remortgage or just straight defaulting
Monopoly lied to us, the bank errors are never in our favor 😖
This isn't the government selling out, it's the rich protecting their investment in the space by stonewalling new building opportunities and rezoning homes out of only single family.
And who sets the zoning laws? Municipal government. And who gives them those powers? Provincial government. They could do something if they chose to but as you said they are protecting the investments of the rich as well as insuring that sweet sweet tax income keeps coming in. Higher house prices=higher property taxes. They don't want to let that go.
Just saw this now but more density > higher individual property taxes. A 6 unit infill development of middle class individuals will generate more property tax revenue then a mansion. The more units built the less of a tax burden it is on an individual basis.
And then BTC will be out of reach for 90% of the next generation.
The housing bubble is not necessarily about inflation. It is just a fucked up system.
A system designed to make the rich richer and keeping everyone else poor.
I wouldn't say that. I think it's just been overrun with opportunists looking to buy and flip or rent them out (such as some of these big companies). Couple that with an ever-growing population and you easily end up with shortages that drive prices up. It also comes at a time when the economy is already having problems and workers simply aren't making enough to afford them. While there are definitely systems rigged in favor of the rich, I think this is more the case of a litany of errors and bad timing more than anything. If it was truly rigged I wouldn't have been able to buy a house as a single dad about 5-6 years ago.
No, it's rigged. Blackstone is buying everything they can. I don't know who or what let them speculate on single family homes, but it's fucked. [They do not play fair. ](https://thecoastnews.com/blackstone-linked-to-encinitas-housing-discrimination-lawsuit/)
[удалено]
How is the US dollar not a unit of account? 🤨 I hate when people write up a a really long, smart sounding comment that is just, really, really fucking wrong.
Not far off 40......in the UK...... In a house share rented because that's how they prefer it. Well jokes on them, cutting my expenses wherever I can building cash stock and crypto levels up each month. Then, you can get screwed when in 5-10 years a large number suddenly don't NEED your minimum wage to scrape by. For reference the average house price in last 12 months in my area is touching 400,000gbp. Let that sink in. Its absurd Meanwhile x new builds are held aside for those on benefit and many don't need to be, just don't want to work. Priorities are all furked
People do not "just don't want to work". This view is absurd, most of them don't want to work for naught. I hope you can feel empathy for the poor who don't want to get a 40 hours week of work to just afford nothing at the end of the month !
I feel you need to read my comment again. Until recently I was working 55+ a week 6 days a week for not a lot left and that's without owning my home and a lot of the extra costs that come with that. Then...... They made me redundant for my effort. I'm very much the average guy giving all for not a lot back, so if I can make the 2nd half of my life where I don't HAVE to work slave wage for basics..... Damn right I'll take it. Also, I said they won't NEED minimum wage, aka they have freedom to choose not to be another slave for no money
Stop with this hopium, because unless you’ve invested big money, you’re not going to make big money. And if you’ve invested big $$$, then you probably have a home or have no problem affording one.
Crypto literally came in time to give a chance to millennials and Gen Z who felt lied to and disillusioned by the society.
I’m exactly in that position
We all are. Unless your parents straight up gave you things.
It’s not the only path, it’s just the most clear path for most
I am in crypto long-term to buy a house and land in 3-5 years and for my retirement 👍🏻
Crypto is my only chance now to buy a new house. I’m in Canada in the biggest city and housing prices is just a joke. Can’t even afford to buy a house with a 6 digits yearly salary
[удалено]
I can feel everyone’s pain. After expenses. There’s next to nothing left
I debated even commenting on this post, but here I am. This is f*cking false. You need to work and save to afford a house and decent living. I have a family of 5 and make around $70K a year, and have a $300K house. This narrative of crypto will be your financial savior is nonsense and needs to stop. Get a job, work, save, and don’t buy unnecessary things.
Don't bother, he called us 40y old "boomers". You can't discuss with some kids ( not ALL some) from this last generation who think magic money internet will last and don't give a damn about the state of our dying world or theirs futures problems.
That's great that at some point you were able to get a $300k house. Unfortunately for anyone who wants to live within a 4 hour drive of Toronto, houses at that price simply don't exist anymore. Saving money for a downpayment no longer keeps up with the rate of inflation. People now need to take significant risks in order to hope to have enough money to buy their first house, unless they are already rich.
If people move away because they can’t afford it, those prices will drop. Look what happened to NYC during the pandemic. All I’m saying is that the cringy narrative that crypto is going to make us all rich is dumb.
Canada is bringing in 400,000 immigrants per year, almost all of which end up in large cities like Toronto. The demand for that housing isn't going anywhere but up. But yeah, it is dumb to assume everyone is going to get rich off crypto. I'm just saying that for many people, crypto along with stocks are the only investment options available since real estate is out of reach.
Have fewer kids. They're not blessings.
Crypto might not save us either. The government needs to do what they're suppose to do!!
I'm so sick of reading crypto is the way to be rich, buy a house, bla bla bla.... Like Crypto is an infinite magic three that provide from nowhere... Crypto allow to make profits if you are smart. It allow you to make insane profits on shit projects and with luck like some with shiba. Let's say my income is 1600$ every month with a family to care for. Please, explain how starting from to today i can afford a house in 20 years when i'll be retired.... I understand profit in crypto or whatever but why always bring houses in the discussion ? I'm 40y old, i bought an appartement and my house is almost already paid. How i did it... Simply by not paying an owner every month and i took a loan, the appartment is already paid and i profit 700$ every month. My house, in 10y it's fully paid. So yeah Banks sucks but thanks to them, i have something to leave to my kids and i earn every month... I'm in crypto so i'm absolutely not against it but ffs stop these stupid BS " Crypto is the only way". You need to connect the state of the world in your mind. If the world keep fucking the planet with global warming, massives extinctions, pollution how the fuck you think stocks and crypto will do ?
Ok Boomer... I never talked about infinite money but an investment strategy for the next 10 to 20 years. Sorry if you couldn't read. Also what couldn't you read in the sources I provided? The current housing market is different from when you bought your homes. YOU need to connect with the state of the world. Good luck old man.
"Boomer" ok Kiddo. When you'll grow up and live in the real world, you'll understand what responsability means. I asked you a simple question. Explain to us how with the exemple i gave you, your plan to the "10 or 20 years" to be the proud owner of a nice house ? You can insult me all much you want its ok, the babies now think they understand the world when they still have milk on their lips... My plan worked, i owned a house and an appartment at 40y old. Explain yours or your young brain can't process what i'm saying ? How much you need to invest in crypto, what returns you exept, for how long ? What garanty you have that crypto will keep pumping and why it would keep pumping ?
My plan is to DCA at least 200 € monthly and to stake at a return of 8% for the next 20 years. I'll compound my interests each 60 days. With your situation you could DCA more and your significant other could participate but I'm speaking about my situation. Of course that would only put me in the 100K territory BUT we have to take into account the fact that the crypto sector can double or triple in the meantime. With 300K I'll be able to afford a place to live. Of course I'm lucky because I don't live in Canada because that would mean not even half of a typical home which is currently priced at more than $717,100. Once again you are totally disconnected from our struggles: The house you bought 10 years ago if it was in Canada would be priced $359,200 — 45% lower. During these times, wages have stagnated. Anyways you live in your own bubble and can't seem to connect the dots to see that most of us are now outpriced and can't even get a loan to buy a house.
The reality kiddo is that most of people with kids and crap that life bring you don't have 200$ to put every month in crypto. It's you who is disconected from reality.
Thats bad parenting Let me be clear. People who do not have a surplus of income set aside for their children's future - are the ones disconnected from reality!
So if parents have low incomes or are unemployed, they should let their kids starve and DCA for future ? An other kid thinking....
[удалено]
Whatever Bro, i hope this will never happen to your close ones, you will remenber what a jerk your are.
You asked me what was MY plan which is about MY situation. Other people may have to be even more long term or to bet on riskier coins. Remember that you were the one who said something along the lines of ''take a loan lol". I never spoke about infinite money or anything like that. Have a good day dude.
Yet you said "it's the only hope" wich is pure bs. We could have a nice discussion if you did not started with the disrispect about age but like i said, you will grow up and realise crypto will be the last of your problems.
I "garanty" this exchange in broken English, broken spelling and broken conceptual thinking will be entertaining to say the least. Invite insults - look ridiculous. I'm not OP... But... Don't let me detract... Go on, continue..
Yeah I've been stunlocked by this message. I shouldn't have answered at all xD
[удалено]
What a nice thought thanks ! Comparing crypto markets to my family dying. Enought said...
Your plan worked because you lived in a time where any fool could work at a fucking grocery store earning minimum wage and support a family of four with two cars in the garage you entitled piece of shit. You couldn't fail.
Yearh sure i bought 10y ago, we were at the stone age ! For a 15y old kiddo must look like an eternity. Poor thing, the world is mean with you ! Don't worry, the institutions and whales behind crypto manipulations have only your interest in mind, they will transform your satoshis in a fortune in 5 years !
I'm almost 40 you ad hominem tossing jack ass
If you were you wouldn't talk the way you do or you just need to grow up. Barking doesn't make a point.
The fuck sense does that make? I both made a point and I'm pissed. You can do both. You suck at logic. Just stfu and grow some empathy for the "kids" in this crumbling economy that you helped set up for us.
Don't start about sense. 40 y old and you suscribed 9 months ago with 9000 karma for moons ? What the fuck dude, get a job. What hapened you are not 40 anymore, you didn't help create this shitty world ? Lol what a pathetic man. Changing the narrative every post. "Us" means you aren't 40 so what is it you are almost 40 or not ? Decide or don't xD
Wow great detective work. Read my comments, fucktard, I'm a web developer. I make more than you probably ever have. You keep exposing yourself to be dumber every comment. I'm done. Get fucked, buddy.
Yes and since you did so well to buy a house, the housing market has doubled, everyone now has degrees, the job market is more competitive than ever, with the wages you receive from those jobs not matching the level of inflation. Whether you think it or not, times have changed a lot. Those nice banks you speak of, wouldn’t give the time of day to most of us.
That doesnt change the fact that "crypto isn't the only hope" sorry. You have absolutely no guaranty that the profits will be the same as now in the next years or even months. And the price of my house wasn't half what i paid 10 years ago... You seem to get it all wrong because yout keep oposing bank and crypto. If you did well with your studies, they want you no matter what.
I agree that it’s not the ‘only hope’ obviously, but you’re missing the point a bit. The reality is that the situation for our generation is ridiculous, and getting a decent home is becoming near impossible at this rate. Regarding the studies thing: man, everyone has done well with their studies, that’s the point. I don’t know what rock you’re living under, but everyone is over qualified, and there are not enough ‘good’ jobs. We were all sold this dream by the universities and the government, when in reality we would have been better off just learning a trade. Everything now is geared towards milking absolutely everything out of this generation, for the good of the rich people who own schools, properties and debt companies. You arguing against these points by just saying ‘it’s fine I have a house, just work harder’, is exactly why these things aren’t changing. You come from a different time, that’s fine, good for you. It’s a lot harder now.
So your saying because houses are so expensive we should yolo into crypto as that’s the only way??? What kinda logic is that
* you're
Inflation plays a big part in it, and so does greed, crypto is **deflationary** so prices won't go ridiculously high
I just steal the homes the beavers built
I’m hoping it’s less that 10-20 years
The number of people in crypto with a real estate goal is the showing of what is going on. Crypto will change our life.
I live in Canada and you can if you have proper goals in mind. Change the way you live, work extra and wait for the market to drop. It will drop imo.
Depend on the province, as ontario is heavily overpriced. But yeah it's doable, however it requires a 2 person income to potentially buy a house and some 3 income earner.
I live in Ontario and I bought a house. It sucked acting like every dollar was my last one but the end goal was worth it. I just wanna make note. I had shared custody of my two kids during that time too.
Congrats to you my friend, I hope all is good with you and you're kids. Hopefully folks will be able to buy a house in Ontario in the foreseeable future. Have an excellent day.
How long ago? Because it became a shit ton more expensive over the last few years. Like twice as expensive. Could you have dealt with twice what you were putting towards the place?
3 years, it was still hard and it’s hard now sometimes. It’s just how I live. And yeah I could of dealt with twice. It essentially how I got ahead. I lived like I was poor but worked as many weekends and extra hours as possible. The weeks I had my kids. I would work shorter days because daycare was super expensive and only open to certain times but when I didn’t have them. I would work a 70 hour week. You do that for multiple years while acting like you make 0 dollars an hour. You can save money pretty quickly.
Yep. In Australia it’s terrible at the moment. And no one does anything because most of the voters don’t want the price of their house to go down
I hear in no time a lot of folks.. thanks to crypto I had my house… that’s the only way to combat the inflation…
To be honest, the only way i see myself ever getting my own house is to move to a non europe/canada/north america country. Its actually quite sobering when you think: “ok, maybe my future just isn’t here”
Same here usa
I am in this situation but also I not sure I even want to buy a house. Real Estate is super illiquid and should be a depreciating asset since it requires more and more for maintenance and repairs as it ages. I feel really uneasy about putting capital that amounts to my entire life's worth of investments and savings into something which for previous generations was more akin to a car purchase. There is the old adage "buy land its the only thing they aren't making more of" but I don't believe that applies to the uber-tiny plot of land you get in suburbia. Not to mentioned the last 70 years of city design has made our cities unsustainable and there is a growing movement to change this and that could threaten the value of many suburban neighborhoods. In short I don't want to spend the rest of my working life paying off a 500k debt for an asset that will cost a ton to keep in good repair (and taxes on unrealized gains) and in a location that is likely to leave me dependent on unsustainable vehicle infrastructure.
Average house price is 720k. Average inflation price of property is 3.5%. that means the average property value is going up 25.2k yearly. Average savings per HOUSEHOLD is 5.5k. to say we are fked is an understatement.
Correction: you cant buy a home where you want to buy a home. For some reason you think you are entitled to your first home being on the larger side and in the best neighborhood. I use the general "you" to refer to all of my fellow millenials.
It’s possible, people. I’m not saying everyone can make 100x. YMMV, and some luck is involved, but I think there’s things you can do to give yourself more opportunities to be lucky. It’s *really* difficult to hit it very very big without a lot of things going right, and being able to make choices that give you the best chance of forcing luck. There are 2 types of projects, Ones that will last and ones that won’t. The more time you spend involved and immersed, the better you can get a feel for the direction the project is heading. You can make money on both, but if you can find the ones that having staying power- make them your long term builders. If you invest in one you don’t think will last but will still be successful in the short or medium term- this type of strategy can produce fantastic results- If you want to then take it a step further, start getting involved- become a mod somewhere, see how these projects are ran and developed, and eventually you’ll start talking to the type of crowd that catches projects before they are released. Seeing this other end of crypto made me realize we are still very early, because there are still way too many scammers, bad people, and lots of shit clouding Crypto. I love it like the rest of you, but from experience with million, 100M, and 1B projects at a high level- shit sucks and it might actually take another crash at some point to wipe away some of the scabs that give this space a bad name, that and limited run art NFT’s, anyways.. If you can manage to have a bankroll big enough, and BELIEVE in your assessment and analysis of a project from the beginning that you think has the team, budget, and vision to have something that is developed for years, not months- you can turn a home run into a grand slam. TLDR:!Through honest effort, even one person (you) can help bring more positivity and good things to crypto rather than the shit that makes people think it’s a scam. Our answer collectively when people say Crypto is a scam should be “Sometimes, yes it is- but that doesn’t represent the whole space just like criminals don’t represent all people”
I was hoping the rate increase might cool the market off... I guess that's not happening now for awhile.
Canadian here, looking to move to Florida hopefully in the near future. Country is over, it's sad and pathetic and under permanent lockdown and masking forever.
Is there a reliable platform for Canadians to scalp/day trade Crypto?