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RE: Wen Sell

in LeoFinance3 years ago

If you feel unfortable about holding a lot of crypto (and you should), you should sell a portion of it, and buy another house. Investment property. And put it for rent. Collect the income.

This is what I would prefer to do, especially considering we have a 10 year collar on the interest rate from here and we are well below 5. The other thing I like about this, is that we can get rental properties that earn"cheap", meaning potentially the first 2-2.5 for the value of our mortgage, especially if there is a housing price collapse.

To me, this makes a lot of sense - thanks! I will forward this to my wife.

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This is a standard template here, and numerous people from all parts of the society are doing it to get out of 8-5 jobs. That's the main reason, US property market is this high even after 2 years of pandemic.

I think the prices have been somewhat held back here in houses, but the apartments are booming - I have read a lot from Australia on this however and it is getting insane there - it has to come down at some point.