Held 20k link since December 2017. Considering selling and using the ~$45-50k on a house down payment. Bad idea?

Do it. Buy a house, but rent it out. Use money to help pay mortgage and buy more coins.

pretty retarded. watched stack go from $80k USD at peak to around $50k. Feeling the hurt from that. I didn't want to be a swinglinker

dont be stupid

Buy back in when link hits 16c

Renting should be the dream man, why the rush to become a debt slave so fast?

fuck nice digits. will unironically reconsider

Is it? Have been renting for the past 8 years (albeit have moved to 3 different states). Are you a homeowner? Any tips on market timing?

5 years. Currently they are trying to prop up the housing bubble by paying for mortgages with declining tax income and importing more shitskins and house them through public spending. QE4 is bound to fail

What's your income like? 20% downpayment or something more?

Here's a tip: Don't throw it all into a downpayment. Keep some cash on hand for hard times. If you have no money for a year, you need to have funds to pay that mortgage for a year.

Housing market crash was due to an excess of supply and low demand.

They got the price controls figured out right now. I do not see anything happening beyond small corrections here and there. (Total collapse will occur in the shitty D grade trump states)

>Low demand
>hey you
>yes you
>wanne buy a house
KEK

I have a 20k stack too that I bought in early 2018
Don’t sell user. That bleed out was painful to watch, sure, but we are most likely not going to fall too much farther. It’s only good news and big gains from here on out. There is so much bullish LINK news about to break, and the network is only just getting jumpstarted.

Hodl strong marine. We will all make it. You’ll think back on this time that you considered selling and laugh, and thank god that you didn’t sell early

>people sold eth at $4 for a goym approved mortgage

Good goy, also your 20k link after the ~25% tax depending on your local county and state is not 40-50k

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salary: 125k base, 15% bonus, 10-20k RSUs
funds: 93k cash on hand, 50k link, some 401k amounts that I wouldn't touch

thanks for the pep talk. original plan was to start selling around $10. do you have your exit strategy planned?

>Held 20k link since December 2017. Considering selling and using the ~$45-50k on a house down payment. Bad idea?

Wait until the next huge altcoins rally which should happen a month or so after the Bitcoin rally. Sell and buy a house. Settle in while prices slowly collapse again. Buy again at the next dip.

wait 10 years and you can make 50 down payments on 50 houses

If everything goes according to plan, Im keeping my stack for staking and passive income. If for some reason staking isn’t as profitable as initially anticipated, I’ll sell off 20% at $50 and then reevaluate whether I should continue holding or not

>Sell asset that has huge upside relatively early in the adoption phase

>Use it to acquire a big fucking loan with biweekly payments needed to maintain it on an asset that is made of rotting plywood with increasing maintenance costs and possibly low or no capital appreciation.

Yeah. No.

Men shouldn't FOMO into housing, that nesting instinct is literally something that is in the DNA of women, not men.

The only reason to own a house is to raise White children.

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>Sitting on that much cash

Yep, retard confirmed.

WTF is an RSU anyway?

>20k
Lucky dog.
Or Just not a poorfag with less than 2k link like me

restricted stock unit. they vest (typically monthly or every 3 months) and you can sell them immediately.

it's why some techies in bay and west coast can FIRE early, they'll have base of $150k but make $200k+ in stock

Vitalik himself sold all of his eth at 9 bucks because he didn't have enough faith himself. Then it went to 1300.

If you really need the money, sell 3/4 but always leave a suicide stack. I plan on selling in tiers

wait till collapse of global economy, than steal!

cha cha cha checked

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>Vitalik himself sold all of his eth at 9 bucks
This is Vitalik's wallet
etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

do this if you want to kys in 2 years.

Yup. You'll have the house, the extra money on the down payment will let you get something more expensive than you can afford, and then you'll be fucked on payments and taxes.
Three years from now, after the housing market collapses, you will kill yourself because you could have had millions

>paying for mortgages with importing more shitskins and house them through public spending.

Explain how this works, why not lower the tax rate on housing instead. 1-2% yearly tax rate on a home can cause serious home buyers in any market to sit on their hands.
Importing shitskins does nothing to change the market it only makes it worse as we dip into the public purse causing yet again higher taxes.

stop with this fucking bait and if its not bait fucking kill yourself for being this short sighted .

HOUSEMARKET CRASH COMING SOON BRO HOLD.

What’s the benefit of buying and living in it? Unless you have a family and some dire need to settle down maybe look at buying something that will give you a really good rental return. It’s really not that hard to find a deal where your rental return = loan payments or close to it. Really good deals come from finding a suburb or part of town a little rough/industrial that’s gonna have yuppies bleed into it and make it “trendy”.
But who really cares because 20k LINK is set for life

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The lack of demand came after subprime lendees or those with adjustable-rate mortgages defaulted.

retarded.

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Capped

>For 2 years biz has been saying housing market will collapse. I'm....so tired of renting....

theve been saying it another 5 before that

this
/thread/

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God it feels good to be a 19yo zoomer with a 20k LINK stack. I have no pressures to sell. I'm just starting university(europe so it's free). The price literally can't go below $2 unless the team explicitly fucks something up(they havent done so ever). Dumb boomers "cashing out" for muh mortgage or cars.

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I think year and half

similar boat here but starting 2nd year of uni
comfy af, i hope the boomer marines make it though

It doesn't work, however I will explain why beancounters think it works.

1) "People are fungible." In an attempt to be as color blind as possible, policymakers make the assumption that immigrants and first-generation Americans with like fifty bucks of pocket money are going to behave the same way as third-generation Americans with heirloom property. They don't.

2) "Jobs are created in accordance with labor supply." The underlying assumption is that with labor abundance, new industries will spin up to take advantage of that. Unfortunately, there are a myriad number of labor and environmental laws which prevent that from occurring.

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you are overthinking it
Policy makers that had the cash to fund their campaigns often come from the property sector, now that nobody wants to buy from them with for a profit they can easily use public spending to sell to the "state" and claim the shitskins, Niggers and what not need housing too. Basically Boomers selling their bags to the next generation by endebting the next generation.

they will fuck niggers

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fuckin chekt

don't fucking sell OP

>Trading generational wealth for a crappy overpriced house in a neighborhood most likely filled with darkies.
Never going to make it.

I have the same amount and I think you're a fool. You retards are just looking to get rich quick instead of being patient and having enough money to have to worry about a lot less in life than a house payment.

>selling link on a local bottom
>buying house at the market peak

Never change biz...

Checked

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ps i didn't sell. thx everyone ;)

yup

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Nice. You’d have to be legitimately brain dead to buy real estate while we’re on the cusp of the financial system crashing down.

Honestly my man. I got a house in a nice area I’m 23. All my neetbux go to paying mortgage and bills. I have no money to have fun. I regret buying a house and not staying in a shit apartment saving my money. I live in a nice area though. I got scared into buying a house because I didn’t wanna be homeless or stay in an apartment forever.

just because hes thinking about buying a house, he's a boomer?
>mfw