keyahayek

Binance changed the English font? The width of the numbers looks different, at first glance it seems like I opened a phishing app.

I have recently been thinking about how young people in the cryptocurrency world, like little shrimp 🍤, have become quite wealthy but are unwilling to buy houses. In fact, they are quite rational, and it's not just properties in Tokyo; real estate worldwide is generally a poor asset.

The biggest appeal of real estate is that when you don't have much money, regardless of what asset you invest in, what you actually lack is more principal. Real estate can leverage mismatched personal capabilities to bet on a one-sided gamble, a.k.a. fraudulent loans.

After all, first, no financial institution will give you a loan of 10 million at 3% interest to buy cryptocurrencies, and second, to be eligible for a loan of 10 million, you need to have a compliant monthly income of 100,000, and I dare say that 60% and above are compliant but fake documents.

However, the quality of the asset itself is actually quite poor. Those who have played with NFTs understand that the next level of liquidity, control, transaction costs, and maintenance costs are all quite terrible. The benefit is that the win rate on the right side is not low because it is harder to initiate; once it starts, like a train engine, it is hard to stop immediately. Don't buy until it rises 10% for the first time.

As the asset scale increases, the quality of real estate assets will deteriorate further, because maintaining the leverage ratio for buying luxury homes is very difficult. Taking out a loan of 50 million for a penthouse is extremely challenging.

Another idea is the landlord renting out to offset the mortgage. If you go to high rental yield areas like the Midwest of the United States to implement the BRRR strategy, firstly, the maintenance costs are incredibly high; do something that matches your status, and don't spend every day painting and renovating yourself. Secondly, although it's rent offsetting the mortgage, the population growth is not great, and the price increases are quite limited. Even we cryptocurrency folks can easily outperform those landlords who are struggling to paint walls and lay floors.

The only utility may be to solidify a portion of assets to prevent falling back into poverty. Little shrimp’s approach of pairing stocks serves a similar purpose, but I don't really understand the leveraging of stocks.

Recently, I've been thinking about how young people in the crypto space, like shrimp 🍤, have become quite wealthy but are reluctant to buy houses. In fact, it seems quite rational; it’s not just properties in the University of Tokyo that are bad assets, but real estate worldwide is generally pretty poor.

The biggest appeal of real estate is that when you don’t have much money, you can leverage yourself beyond your ability to bet on one side, a.k.a. fraudulent loans. After all, no financial institution will lend you 10 million with a 3% interest rate to buy crypto, and to qualify for a 10 million loan, you would need to have a compliant income covering at least 100,000 a month. I dare say that 60% or more of such claims are based on fraudulent documents.

However, the quality of the asset itself is actually quite poor. Those who have played with NFTs understand that it's next level; liquidity, control, transaction costs, and maintenance costs are all quite terrible. The upside is that the winning probability on the right side is not low because it’s difficult to start; once it gets going like a train, it’s hard to stop immediately. If it hasn’t risen by the first 10%, then don’t buy.

As the asset scale increases, the quality of real estate assets will deteriorate further because maintaining leverage when buying luxury homes is very difficult. It’s quite hard to take out a loan of 50 million for a penthouse.

Another approach is the landlord model with rental offsets. If you go to high rental yield areas, like the Midwest of the United States, and apply the BRRR method, the maintenance costs can be ridiculously high. Engage in activities that match your worth; don’t spend every day painting walls and renovating. Although it’s rent offsetting the mortgage, the population growth isn’t great, and price increases are quite limited. Even we, the crypto folks, can easily outperform those landlords struggling by painting walls and laying floors.

The only potential benefit might be to solidify a portion of your assets to prevent falling back into poverty. For shrimp 🍤 types, having some stocks serves a similar purpose, but I don’t quite understand leveraging stocks.

Recently, I've been thinking about how young people in the cryptocurrency world, much like little shrimp, have become quite wealthy but are unwilling to buy houses. In fact, it's quite rational, and it's not just properties in Tokyo; real estate around the world is generally a pretty terrible asset.

The biggest appeal of real estate is that when you have little money, you can leverage it in a way that doesn't match your own ability to take a one-sided gamble, a.k.a. fraudulent loans. After all, first, no financial institution will lend you 10 million with a 3% interest rate to buy cryptocurrencies, and second, to qualify for a 10 million loan, you need to show a compliant monthly income of 100,000. I dare say that over 60% of the documentation is likely to be fake.

However, the quality of the assets themselves is actually quite poor. Those who have played with NFTs will understand that it's all next level; liquidity, control over the market, transaction costs, and maintenance costs are all quite terrible. The upside is that the winning probability on the right side is not low because it’s difficult to get started; once it gets going, like a train engine, it’s hard to stop immediately. If it hasn’t increased by the first 10%, I won’t buy.

As the asset scale increases, the quality of real estate assets will deteriorate further because maintaining leverage while buying luxury properties is incredibly difficult. Taking out a loan for 50 million to buy a penthouse is really hard.

Another approach could be the landlord model to offset costs. If one runs to high rental yield areas, like the Midwest of the U.S., and engages in the BRRR strategy, the maintenance costs are insanely high. It’s better to do things that match one’s value rather than painting walls and renovating every day. Moreover, although it's rent offsetting the mortgage, the population growth isn’t very promising, and the price increase is quite limited. We crypto folks could easily outperform those landlords who are struggling by doing their own renovations.

The only potential benefit might be to retain a portion of assets to prevent falling back into poverty. Little shrimp diversifying with some stocks can serve the same purpose, but I really don’t understand leveraging stocks.

Recently, I've been thinking about how young people in the crypto world, like little shrimp 🍤, have become quite wealthy but are reluctant to buy property. It's actually quite rational; in fact, it's not just properties in Tokyo University that are pretty terrible assets worldwide.

The biggest allure of real estate is that when you don't have much money, you can leverage yourself in ways that are mismatched to your own abilities and gamble on one-sided bets, a.k.a. fraudulently obtaining loans. After all, no financial institution will lend you 10 million at a 3% interest rate to buy crypto, and to legally obtain 10 million in loans, you need to show a monthly income of 100,000. I dare say that 60% and above are compliant false documents.

But the quality of the assets themselves is actually quite poor; those who have played with NFTs understand that it’s next level—the liquidity, control, transaction costs, and maintenance costs are all quite bad. The benefit is that the win rate on the right side isn’t low, because it’s hard to start, much like getting a train locomotive moving; once it starts, it’s tough to stop it immediately, and I won’t buy unless it rises by the first 10%.

As the asset scale increases, the quality of real estate assets will be worse because maintaining the leverage ratio is too difficult when buying luxury homes. Getting a loan of 50 million for a penthouse is quite challenging.

Another idea is to become a landlord and use rental income to cover the mortgage. If you go to high rent-to-sale ratio areas, like the Midwest of the U.S., and do the BRRR method, one, maintenance costs are ridiculously high; do things that match your worth instead of spending every day painting walls and renovating. Two, although renting can cover the mortgage, the population growth isn’t very good, and the appreciation is quite limited. Even if we in the crypto world do some arbitrage, we can easily outperform those landlords who are struggling with painting walls and laying floors.

The only possible use is to solidify some assets to prevent falling back into poverty. Little shrimp can also allocate some stocks for the same effect, but I don’t quite understand the leverage on stocks.

Sell the news, 求锤得锤😂