You didn't specify the term (length) of the mortgage or the interest. This is important because it effects amortization rates. For example, if you take out that ammount for 30 years at 6% (common in the U.S. right now) you will make over $215k in payments (excluding taxes and insurance), but only have $50k in equity. If you sell your house, you end up with the same $50k as the bitcoin holder. Whether you come out ahead on the deal will depend on the rent paid by the hodlr, as well as local taxes and insurance.
The real error here is assuming Bitcoin will only 5x in 10 years. Hitting $250k by the end of next year is my base case for BItcoin. There are a number of positive headwinds that could push it much higher. In 10 years, I will be verry supprised if it's less than $1,000,000. Of course, I also be supprised if your house was still worth $300k.
(I did everythin in dollars becausse there is no Euro symbol on my keyboard)
Here's a mortgage calculator you can play with:
https://www.calculator.net/amortization-calculator.html?cloanamount=300%2C000&cloanterm=30&cloantermmonth=0&cinterestrate=6&cstartmonth=8&cstartyear=2024&cexma=0&cexmsm=8&cexmsy=2024&cexya=0&cexysm=8&cexysy=2024&cexoa=0&cexosm=8&cexosy=2024&caot=0&xa1=0&xm1=8&xy1=2024&xa2=0&xm2=8&xy2=2024&xa3=0&xm3=8&xy3=2024&xa4=0&xm4=8&xy4=2024&xa5=0&xm5=8&xy5=2024&xa6=0&xm6=8&xy6=2024&xa7=0&xm7=8&xy7=2024&xa8=0&xm8=8&xy8=2024&xa9=0&xm9=8&xy9=2024&xa10=0&xm10=8&xy10=2024&printit=0&x=Calculate#calresult
Cpt. Charisma
npub12r…0yztj
2024-08-05 01:40:52
in reply to nevent1q…avj5
Author Public Key
npub12rc7gcvm4jqk5m8u4asn5t2m2qw5vdw7e640ug0dj97xdcj0dtlst0yztjPublished at
2024-08-05 01:40:52Event JSON
{
"id": "e54d31760d74d26431b3fe9672fbf4005004047e281cd89cbafc9f528ba10832",
"pubkey": "50f1e4619bac816a6cfcaf613a2d5b501d4635deceaafe21ed917c66e24f6aff",
"created_at": 1722822052,
"kind": 1,
"tags": [
[
"p",
"dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319"
],
[
"e",
"d79ae1c1ee62d118c696fe8653873a984900023ffaa709dfff89400f2f6dd1ac",
"wss://nostr.bitcoiner.social/",
"root"
]
],
"content": "You didn't specify the term (length) of the mortgage or the interest. This is important because it effects amortization rates. For example, if you take out that ammount for 30 years at 6% (common in the U.S. right now) you will make over $215k in payments (excluding taxes and insurance), but only have $50k in equity. If you sell your house, you end up with the same $50k as the bitcoin holder. Whether you come out ahead on the deal will depend on the rent paid by the hodlr, as well as local taxes and insurance.\n\nThe real error here is assuming Bitcoin will only 5x in 10 years. Hitting $250k by the end of next year is my base case for BItcoin. There are a number of positive headwinds that could push it much higher. In 10 years, I will be verry supprised if it's less than $1,000,000. Of course, I also be supprised if your house was still worth $300k.\n\n(I did everythin in dollars becausse there is no Euro symbol on my keyboard)\n\nHere's a mortgage calculator you can play with:\nhttps://www.calculator.net/amortization-calculator.html?cloanamount=300%2C000\u0026cloanterm=30\u0026cloantermmonth=0\u0026cinterestrate=6\u0026cstartmonth=8\u0026cstartyear=2024\u0026cexma=0\u0026cexmsm=8\u0026cexmsy=2024\u0026cexya=0\u0026cexysm=8\u0026cexysy=2024\u0026cexoa=0\u0026cexosm=8\u0026cexosy=2024\u0026caot=0\u0026xa1=0\u0026xm1=8\u0026xy1=2024\u0026xa2=0\u0026xm2=8\u0026xy2=2024\u0026xa3=0\u0026xm3=8\u0026xy3=2024\u0026xa4=0\u0026xm4=8\u0026xy4=2024\u0026xa5=0\u0026xm5=8\u0026xy5=2024\u0026xa6=0\u0026xm6=8\u0026xy6=2024\u0026xa7=0\u0026xm7=8\u0026xy7=2024\u0026xa8=0\u0026xm8=8\u0026xy8=2024\u0026xa9=0\u0026xm9=8\u0026xy9=2024\u0026xa10=0\u0026xm10=8\u0026xy10=2024\u0026printit=0\u0026x=Calculate#calresult",
"sig": "337ce886fee601c47d35c41c7ba7f7e9eeb44a5924a61b8a2b5cedfee86bf8f214b9725c879308500055f338dc75a693c0aa1cfad9e5627b8624ea44a2552144"
}