Just sold an apartment Ive owned for 2 years for 260k on a whim (bought for 240k) - I decided 5 days ago & today got a commitment to buy in writing & the contracts are already being drawn up. the apartment is in a great spot in a rapidly appreciating area & will probably be worth almost double in 5 years (I estimate around 450k). rental income isn't so great but I calculated I could have gotten 300k minimum over the next 20 years. so that's a potential value of 850-900k I just sold for 260k.
I'm going to put the money into crypto (most likely link) as soon as it hits my account in 6-8 weeks (start of December probably). assuming link hasnt blasted off into outer space by that point and I can get a 10k stack, I'll have 1mil when it hits 100, more if I hold. this is my thinking. was it a good idea or have I just gone full degenerate gambler?
Its called a "loan", user...Dont sell your goddamn income generating apartment in a great spot in a rapidly appreciating area that will probably almost double in 5 years.
William Baker
You are a degenerate gambler. It may work, but let's be real here, it usually never does.
Nathan Wilson
You are going to need at least 1 Bitcoin to survive the apocalypse.
I can't do debt, call me retarded but it's a hard limit. I have no debt a d intend to keep it that way. also some more info: have 2 other rental apartments that are solid income generators but won't appreciate much & the rent is stable. I sold the other apartment though cause it was empty and I could get a quick cash sale from a company I knew would buy it (they own other ones in the same block)
Gavin Green
So you traded a fairly stable investment with a high potential for growth, for a volatile investment with a lot of speculation and hopes of even greater growth (but a greater chance for a crash to zero).
And you're asking if this is gambling? What else would you call it, "smart investing?"
LINK is one of the best preforming assets, year over year, for the past 3 years...
Seriously, good move, BUT you should have looked into the Tax code, there’s a good chance, you could do something with real estate and owe basically zero tax.
Everything is a gamble. It goes without saying that some investments are more risky than others. Crypto is maybe not the riskiest (casinos and such would be), but it's right up there. Now consider the risks associated with real estate. What's the worst that can happen? A collapse of the housing bubble? Maybe. But that's highly unpredictable. Now put everything in perspective, what's more likely to happen? That the building appreciates 2X in value, or that link appreciates 10X ?
Adam Walker
What's the point of you made up story about you being an absolute retard? Jesus how heavy are those link bags that you need to resort to this stupid story. You probably don't even have 1k in your account you stupid faggot bagholder
