[Boston-Sean]

Originally Posted by ithos

There are many horror stories of how people have lost control of their bitcoin.

9 easy ways to lose your cryptocurrency
https://i.redd.it/ly0ohp9d0k231.jpg

It is way too risky for the average person. Also the transactions are very expensive if you use an exchange. And if it fails you will probably lose everything.

It should only be used by HODLers and criminals.

Oh brother.

7 of those reasons are general security issues like reusing passwords. The other 2 are crypto common sense. Don't leave your crypto on an exchange and keep you private keys secure. Do that and you are fine.

No idea what expensive exchange transactions you are talking about. Yes exchanges charge fees, just like TD Ameritrade and Fidelity do. Coinbase's fees are in the .5% range. In general. Not that you need to use an exchange. You don't.

And Bitcoin is not untraceable. The Feds do it all the time. It's a poor choice for criminals. There are other crypto's designed for privacy.

[Boston-Sean]

Originally Posted by Babubhat

500k is pocket change for those from the Northeast

In the Boston suburbs it looks like 7% mortgage rates are finally causing cracks in the housing market. For the last 3+ years there has been zero inventory below $750K in several 2nd tier towns near Boston. I know because I've been looking. Over the last few months a handful or properties have shown up. Followed by price reductions. Typically $10-15K which is pretty laughable for a $700K home. I expect more to come.

My best guess is that we are still at the beginning of whatever this is that we are headed into. So who knows how much larger the crack are going to get.

My guess for the villages market is that price appreciation is over for now. The 2008 housing crash was pretty severe so I'd predict similar price behavior this time in the villages. As in not much price reductions.

But who the hell knows.

[Stu from NYC]

Originally Posted by Boston-Sean

In the Boston suburbs it looks like 7% mortgage rates are finally causing cracks in the housing market. For the last 3+ years there has been zero inventory below $750K in several 2nd tier towns near Boston. I know because I've been looking. Over the last few months a handful or properties have shown up. Followed by price reductions. Typically $10-15K which is pretty laughable for a $700K home. I expect more to come.

My best guess is that we are still at the beginning of whatever this is that we are headed into. So who knows how much larger the crack are going to get.

My guess for the villages market is that price appreciation is over for now. The 2008 housing crash was pretty severe so I'd predict similar price behavior this time in the villages. As in not much price reductions.

But who the hell knows.

The Shadow knows but he aint saying nothing to nobody.

[JMintzer]

Originally Posted by MX rider

We financed ours by choice. Our home here in Indiana is paid off. But when we bought last March the rate was 2.8%. We could've paid cash but we were making good money on our investments, quite a bit more than 2.8%.

Obviously the market is down now, but it always comes back strong. We're all good, and happy with our decision. We've since found out what we did is not uncommon. Everyone's situation is different. There's no right or wrong on this.

Same... Plus, I'll receive a huge infusion of cash when I do sell the house in MD...

[KAM+6]

Originally Posted by Boston-Sean

In the Boston suburbs it looks like 7% mortgage rates are finally causing cracks in the housing market. For the last 3+ years there has been zero inventory below $750K in several 2nd tier towns near Boston. I know because I've been looking. Over the last few months a handful or properties have shown up. Followed by price reductions. Typically $10-15K which is pretty laughable for a $700K home. I expect more to come.

My best guess is that we are still at the beginning of whatever this is that we are headed into. So who knows how much larger the crack are going to get.

My guess for the villages market is that price appreciation is over for now. The 2008 housing crash was pretty severe so I'd predict similar price behavior this time in the villages. As in not much price reductions.

But who the hell knows.

Sorry, but there was not a housing "crash" in the villages in 2008. It was very mild and far from severe. Just a slight slowdown because several villages were under construction. St James,
Penneycamp, Buttonwood, Duval, Hemmingway and all the way out to Amelia and Hadley.

[ithos]

Originally Posted by Boston-Sean

Oh brother.

7 of those reasons are general security issues like reusing passwords. The other 2 are crypto common sense. Don't leave your crypto on an exchange and keep you private keys secure. Do that and you are fine.

No idea what expensive exchange transactions you are talking about. Yes exchanges charge fees, just like TD Ameritrade and Fidelity do. Coinbase's fees are in the .5% range. In general. Not that you need to use an exchange. You don't.

And Bitcoin is not untraceable. The Feds do it all the time. It's a poor choice for criminals. There are other crypto's designed for privacy.

Oh Brother is right.

The bottom line: Tracing crypto-transactions to catch criminals requires immense resources, years of doggedness and lots of luck – and prosecutorial success rarely happens.

https://www.banking.senate.gov/imo/m...%203-17-22.pdf

Must read if you are considering crypto for the first time. Matt Damon is right. It is only for the bold and daring. Not for people who want the simplicity and security of a traditional bank or brokerage account.

10 Axioms That Crypto-Shills Don’t Want You to Know

[Boston-Sean]

Originally Posted by KAM+6

Sorry, but there was not a housing "crash" in the villages in 2008. It was very mild and far from severe. Just a slight slowdown because several villages were under construction. St James,
Penneycamp, Buttonwood, Duval, Hemmingway and all the way out to Amelia and Hadley.

Yes, that's what I said. Not much price reductions.

[Boston-Sean]

Originally Posted by ithos

Oh Brother is right.

The bottom line: Tracing crypto-transactions to catch criminals requires immense resources, years of doggedness and lots of luck – and prosecutorial success rarely happens.

https://www.banking.senate.gov/imo/m...%203-17-22.pdf

Must read if you are considering crypto for the first time. Matt Damon is right. It is only for the bold and daring. Not for people who want the simplicity and security of a traditional bank or brokerage account.

10 Axioms That Crypto-Shills Don’t Want You to Know

There are a couple of secret service agents doing time who would disagree with you.

And how's that traditional brokerage account of yours doing?

[ithos]

Originally Posted by Boston-Sean

There are a couple of secret service agents doing time who would disagree with you.

And how's that traditional brokerage account of yours doing?

Yes. By all means. Encourage your fellow Village retirees to pour their savings into Bitcoin.


SEC rejects spot bitcoin ETFs because of fake and manipulated volume

If you have found success then I congratulate you. But the losses from 69k to 20k is much greater that from 0k to 20k. And it is a highly manipulated asset that only the most savvy traders could take advantage of.

And if I recall the last thread on bitcoin was when BTC was 35k.

[55&Out]

I'm a potential buyer in TV aiming to schedule a lifestyle visit in late spring 2023. Agreed that TV is very unique however I'm betting prices will stagnate or fall during the next 12 months. The current economic data I review is gloomy...it appears America is entering a slow grinding recession that may grow nasty legs. I'm thinking this one will slowly empty the pocketbooks of the people.

[Pamela1130]

Originally Posted by frose

don't care about lifestyle, just want to sell my house and go back to family

Hope you get to do that soon. Take care.

[Babubhat]

I would expect plenty of Naples / fort Myers’s start looking here. They need immediate housing

[Babubhat]

A realtor here told me the sellers have no sense of reality in pricing. Been to a few open houses with only one person showing up. Many higher end homes need at least 100k price cut

[Boston-Sean]

Originally Posted by ithos

Yes. By all means. Encourage your fellow Village retirees to pour their savings into Bitcoin.

My memory must be going bad. I can't seem to recall doing that. Can you help me out by posting a link?

You can add that to your post about how well your traditional brokerage account is doing.

[Papa_lecki]

Originally Posted by KAM+6

Sorry, but there was not a housing "crash" in the villages in 2008. It was very mild and far from severe. Just a slight slowdown because several villages were under construction. St James,
Penneycamp, Buttonwood, Duval, Hemmingway and all the way out to Amelia and Hadley.

2008 was 14 years ago, I bet The Developer learned a lot - they will better manage release of inventory to keep prices high. Remember, prices are a factor of supply and demand - and Developer controls a lot of supply.