Current Events > People live in the age of crypto, and complain it's impossible to buy a house.

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Pepys Monster
02/09/22 2:39:34 PM
#1:


You have it easier than any generation ever before. People had to travel and do physical labor during the gold rush. You can just sit back, purchase digital gold, wait, and get rich.

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toreysback
02/09/22 2:47:20 PM
#2:


yes

yes they do

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Tobi011
02/09/22 2:48:30 PM
#3:


But most, if not all, cryptos are a scam.
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RaulJenkins
02/09/22 2:49:31 PM
#4:


can confirm. i purchased digital gold and am now very wealthy.

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Pepys Monster
02/09/22 2:51:42 PM
#5:


Tobi011 posted...
But most, if not all, cryptos are a scam.
"But most, if not all, stocks are a scam."-Someone who doesn't understand the stock market and thinks all stocks are created equal

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bluezero
02/09/22 2:53:09 PM
#6:


Pepys Monster posted...
"But most, if not all, stocks are a scam."-Someone who doesn't understand the stock market and thinks all stocks are created equal
So you admit that crypto takes effort.

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Gosh
02/09/22 2:53:10 PM
#7:


so if you buy (bitcoin) for the first time now and it goes sideways or down for the next few years that makes it easier to buy a house?
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toreysback
02/09/22 2:55:17 PM
#8:


Pepys Monster posted...
all stocks are created equal

and they are endowed by their creator with certain unalienable rights

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theAteam
02/09/22 2:55:43 PM
#9:


BTC is literally the exact same price as one year ago. 0% return while inflation made your money 7% less valuable and the housing market shot up 20%

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Questionmarktarius
02/09/22 2:56:05 PM
#10:


Houses are cheap, just not where you want it to be.
https://www.zillow.com/barstow-ca/?
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MarthGoomba
02/09/22 2:57:12 PM
#11:


Gosh posted...
so if you buy (bitcoin) for the first time now and it goes sideways or down for the next few years that makes it easier to buy a house?

The gains are in Defi, not holding a coin that's never going to moonshot again

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Pepys Monster
02/09/22 2:57:35 PM
#12:


bluezero posted...
So you admit that crypto takes effort.
It doesn't take a whole lot of effort to learn a little bit about the use cases of crypto before buying. If you buy meme coins like dogecoin, you deserve to lose money.

Gosh posted...
so if you buy (bitcoin) for the first time now and it goes sideways or down for the next few years that makes it easier to buy a house?
Yes. You'd make more money dollar cost averaging into bitcoin while it's low, then selling when it's high, than saving up from minimum wage paychecks.

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Gosh
02/09/22 2:59:23 PM
#13:




Yes. You'd make more money dollar cost averaging into bitcoin while it's low, then selling when it's high, than saving up from minimum wage paychecks.

sure, but the down payment required on a house keeps going up and up depending on geography outpacing btc gains

MarthGoomba posted...
The gains are in Defi, not holding a coin that's never going to moonshot again

how is that something the average person would understand
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Pepys Monster
02/09/22 3:07:47 PM
#14:


MarthGoomba posted...
The gains are in Defi, not holding a coin that's never going to moonshot again
What do you mean by this? The gains are in decentralized finance? That's what almost all of crypto is, other than like...Binance Coin.

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Anony1125
02/09/22 3:09:35 PM
#15:


what kind of return do you think the average person can expect?

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MarthGoomba
02/09/22 3:10:37 PM
#16:


Pepys Monster posted...
What do you mean by this?

Staking / liquidity providing. Things like Osmosis and Yieldly+Tinyman

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#17
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eaglei3
02/09/22 3:12:00 PM
#18:


The people who can't afford a house are the same ones who can't afford dumping $10k on crypto hoping for a 300% return in a months time.
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SweetieBeIle462
02/09/22 3:12:43 PM
#19:


In an age where buyng a house without even a down payment is the most common denominator...

Are these people saying they can't get a house even real?

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Pepys Monster
02/09/22 3:16:20 PM
#20:


MarthGoomba posted...
Staking / liquidity providing. Things like Osmosis and Yieldly+Tinyman
Staking IS a good way to enrich yourself.

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Axiom
02/09/22 3:18:12 PM
#21:


Why are people still taking trolls like TC seriously. This dude flip flops from hating his life to bootstrapping every other day
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Pepys Monster
02/09/22 3:18:41 PM
#22:


Axiom posted...
Why are people still taking trolls like TC seriously. This dude flip flops from hating his life to bootstrapping every other day
You can have money and still be depressed.

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mustachedmystic
02/09/22 3:19:04 PM
#23:


If you could make money off of digital vomit, you would be richer than Jeff Bezos.

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MC_BatCommander
02/09/22 3:20:22 PM
#24:


TC weren't you just complaining about being broke

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Pepys Monster
02/09/22 3:21:26 PM
#25:


MC_BatCommander posted...
TC weren't you just complaining about being broke
No. I'm not broke.

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ViewtifulJoe
02/09/22 3:30:18 PM
#26:


Your posts are wildly inconsistent.

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Pepys Monster
02/09/22 3:30:54 PM
#27:


ViewtifulJoe posted...
Your posts are wildly inconsistent.
In what way?

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ViewtifulJoe
02/09/22 3:36:55 PM
#28:


One second you are agonizing like a fictional character rewatching a video of the moment everything went wrong the next you are sneering and jeering at people, having adopted the disappointingly popular crypto personality.


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MedeaLysistrata
02/09/22 3:37:43 PM
#29:


I don't know the opposite of a bull market, but it's the one where I can't spend money to make money so have to invest time instead

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DarkProto05
02/09/22 3:41:04 PM
#30:


Do you recommend any coins TC? Preferably ones that pay interest or have staking.

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PoundGarden
02/09/22 3:41:42 PM
#31:


SweetieBeIle462 posted...
In an age where buyng a house without even a down payment is the most common denominator...

Are these people saying they can't get a house even real?

I think by and far they haven't even tried and have no idea what they're talking about. It's far easier to whine on a dying message board and have the echo chamber validate the belief its simply impossible to buy a home than it is to talk to a loan officer and realtor lol.

You nailed it, first time homebuyers have several options to purchase for no money down.

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Pepys Monster
02/09/22 4:22:06 PM
#32:


DarkProto05 posted...
Do you recommend any coins TC? Preferably ones that pay interest or have staking.
Algorand, Tezos, and Solana are all good and have staking. Ethereum does too, but it's wonky.

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