Housing has gotten ASTRONOMICALLY more expensive in the last 3 yrs. Most are locked in, so much of this isn't felt....yet. Median Mortgage 1990👇 $123k @ 10% = $1,240/month Median Mortgage 2020👇 $309k @ 3% = $1,293/month Median Mortgage 2023👇 $405k @ 7% = $2,549/month🤯
The most outlandish display of overconsumption in the world today is hands down CARS. A huge % of people are under-saving in large part because of what’s in the garage. We’re all about nice shit, but only if you can afford it. Dare to be different & do some basic napkin math.
Sleep fucks hard.
Fast forward 40 years. ...The world runs on a #Bitcoin standard, and governments are largely uninvolved in influencing the supply & price of money. What happens to interest rates??🤔
I still hear people calling #Bitcoin a bubble. Sure, it might look that way on a 2.5 yr linear chart, and u can say the bubble inflates & deflates — but u can’t say it pops…because it just keeps getting larger when u zoom out.🤷 Stay on the sidelines at ur own risk. image
What are you reading right now?
Violent move in rates—why hasn't more broken?🤔 Luke Gromen makes a key point in update below: Intervention HAS thwarted deflation—trapeze artists can't get hurt when the net is always there. BUT...what are long-term risks of the perpetual Fed Put???
The Happiness of YOUR life depends on the quality of YOUR Thoughts - Marcus Aurelious
Orange Pilling can be INCREDIBLY challenging & frustrating. We explore why w/ Austin Herbert in BCB120. →#Bitcoin inception. →Why fitness doesn’t have to be difficult. →Boat Day Drinking. →Camel Toe Ego. 🎧 image
#Bitcoin is a dumb network, and that's why it's winning. https://medium.com/@aantonop/why-dumb-networks-are-better-f0b94c271b76