In my opinion property and real-estate are where it's at. I'm done with crypto crap lol it may still be smart and safe if you play your cards right though
Real estate could be in for a rough ride with intrest rates..lol. I wouldn't touch it for a few years now. Im still holding reits, but only because they are still paying dividends.
I’m thinking 1 BTC for around 5K otherwise no go for this guy lol.
Yes I agree. We sold three of our properties in last several months. One on the island and one in mainland and one in Alberta. Still have one left we are staying in on the farm. And one left in the city we will keep as rental market is unreal. Due to aforementioned interest and house inventory. So we did well as all we owned for over a decade now.
Almost guaranteed it doesn't touch 5k.
The markets are already slowing down and house values are dropping. There's lots of stories surfacing where financing is falling through last second because the house value has dropped and the bank can no longer finance it. Purchase agreement for 800k, 60 day close. On closing the assessed value is now 700k, the agreement is still for 800k, the bank will not give the money because the loan to value is off and the buyer has to come up with the additional 100k in cash to close. Real estate is going to be a real mess real quick.
Hardware wallets are your friend in the crypto space. If there's one thing the whole QuadrigaCX debacle taught us it's to NEVER keep your money on an exchange. So the only potential for China or Russia to steal your crypto on a hardware wallet is if they send somebody to knock down your door, steal the wallet out of your safe, and then torture you until you freely give them the 26 word recovery keys that you've got stored somewhere safe off-site.
I personally don't believe rates will touch 9% and certainly not maintain that level 5 years from now. I also think this is all going to come sooner than many are expecting. Many are talking 5 years from now because now is when the rates are starting to go up. I believe that right now is when the issues are going to start being seen.
I'd personally dollar cost average on some alts at this point, a lot of them have been in a bear market for months. No sense trying to find/pick a bottoms. We're watching a lot of over leveraged assholes get wiped out here, so really, this is a gift. I'm not a fan of Bitcoin or ETH for that matter so I don't touch them, but all this money they're printing has to eventually go somewhere, so I'm sure they'll do just fine as usual.
On the flip side, there's the possibility (IMO a high one) that crypto will be the the saving grace as there is an on going cyber war right now. Imagine a central bank gets nuked with malware or something, current encryption methods just don't compare to cryptos.
It’s not slowing down here in the west too much yet.
Everything you have said so far in this thread I feel is spot on. Agree 100%
I believe you are correct. I’m up for renewal in a November and I’m prepared to pay close to 1000$ more a month for my same mortgage due to interest.
BC is crazy absolutely...We sold all our homes and farms there last few months. All sold for asking prioce and above and all sold in less than 24 hours. One sold with no real estate broker, just gave an awesome offer one evening, then gone.
You're lucky because you're still in a good position. Markets are just starting to slow but values are still overly inflated. Just like ironwill said, values haven't declined much, but they will. Which means if you're in a spot where you HAVE to sell because you can't afford that extra $1,000/month you can and you'll come out OK. What will be scary is if/when values drop and they hit a level lower than people owe.
You beat me to it. I was just about to say...If i were buying more for investment sake, or a new buyer. I would chill out and wait. Lumber prices will be coming down and one will save at least 20-40% on materials as the corrections occur, and if buying a pre owned home, the foreclosures that may occur if things go as some predict will be good for the buying. I am still not 100% sold that it will be as bad as some predict, too many variables still. A correction will occur, but IMO, we wont be going back to pre pandemic pricing in a quick slide.
You nailed the issue at hand right now. It is indeed tied to the reg markets. Many people view it as another investment class. I'll admit, while I do truly believe BTC has the real potential to be the new "digital gold" that future currencies are built on, I also view it as an investment opportunity as well. But from the investment side, I don't think BTC will hit it's true potential until it successfully decouples from the stock markets. Until then I'll be like you and just keep making my regular buys and if it does hit 10k or less that's when I'll go all in. One thing I know, BTC is too large to die. It's not going to zero for sure.
