Oddbean new post about login | logout And live free from the possibility of government coming in and stealing it for any number of Godless reasons.
Hi, I am among the unfortunate victims of the FTX scam, a situation that has resulted in the loss of my entire savings, totaling around $20,000. The distressing aspect of this ordeal is not just the financial loss but the subsequent actions taken by SBF and Sullivan & Cromwell, the involved debtors. Following the success of their global heist, it appears that, rather than working towards justice for the affected customers, they are prioritizing their own interests, demonstrating a complete disregard for the well-being of those who have suffered. To witness such blatant exploitation of innocent people for personal gain is not only disheartening but also raises concerns about the moral and ethical compass of those involved. Their actions can only be described as mentally and spiritually sick, going beyond mere financial misconduct. The significance of this situation cannot be overstated for me, as the funds lost were an integral part of my financial stability. I am reaching out to you with the hope that you might consider extending a helping hand during this challenging time. Any assistance or guidance you could provide to navigate through the complexities of this situation would be immensely appreciated. I believe in the power of collective compassion and the willingness of individuals to make a difference in the lives of those facing adversity. I understand that you may have your own commitments and limitations, but even the smallest gesture can have a meaningful impact. Thank you for taking the time to read my plea, and I sincerely hope that you may find it in your heart to offer assistance during this trying period. Your kindness will not be forgotten, and I am immensely grateful for any support you can provide. appealforassistanceftxscamvictim@geyser.fund BTC : bc1q9vfmfwj6av9pxj50r6xyl652mwhqvw5ds86nw2
Do you live that principal for all other products you have? You own nothing right? Because gov can just come take it? I have had my home already for so many years. Years have passed with me owning a home. I still have it. I will tomorrow. Your fear will keep you from ever having a home. Literally homeless.
I get it, its an emotional argument for you and that is ok. My comment was simply to highlight the fact that there are equally viable alternatives and priorities. My home is my family. I have difficulty putting value in things I know can be easily taken from me and have been taken from me or my family before. We've lost our home to rot and mold, we've had theft of material possessions and funds. We had our local government force us to move after we said no to their offer, they decided to buy the road we used to get in and out of our property to force us out. So sure, it's fine to believe your property will forever be in your name after you die, and that doesnt prevent me from stacking sats and staying humble.
I know what the alternatives are obviously. I have rented before. You gave reasons why you dont like home ownership. I can tell you why renting has been horrible for me in the past too. Have actually moved from a rental property because of mold. All the reasons you list can happen if you rent though. Also, issues with your house is your responsibility. If you cant take that responsibility then dont do it surely. I get that. You say your home is your family. Now you are getting emotional with it. We are clearly talking about property. For me its about "having". I want to "have" a home. Not be in someone else's. I wont rely on another owning a home, so then I can rent what they own. The person you rent from is a home owner. Also, property doesnt stay in your name after you die. Thats not possible. Next of kin, family. If you were a fool and had a mortgage then the bank should get your property.
Bro, tf. He just said he lost his house like 3 times and your like, well now YOUR being emotional 🤣 i think the point hes trying to make is that your opinion isnt objectively true 100% of the time. Get this guy an eq test, shit
Well not 3 times, and we do own btw. This just became a hot mess of a misunderstanding. I'm obviously not making myself clear here haha. No offense taken 🤙
Then what stops gov from taking the house from the landlord you rent from? 😅 Owning is always better than not.
Owning a house is a bit like owning a car. It’s needs maintenance and there are associated running costs (bills, tax, etc) which can impact any equity increase (which is also constantly depreciating in real terms thanks to inflation). Renting can offload a lot of that to the owner. It’s also the perfect way to “register” with the government. It’s why govs all want you to own a house and do their utmost to try and support the property “market”. That all said, like a car, it feels like yours, and provides you some freedom and stability. It’s not always clear-cut that one is better than the other. I guess the ultimate is owning the land and the house, in a low/zero tax country, that’s all powered with personal solar/wind/hydro and has its own water source and some arable land. And perhaps a bunker and no/very few neighbours.
Why do people talk about homes and mention that need maintenance? This is so obvious. Stop treating a home like an investment. Its a roof for your family. Like why are you talking about equity? Lol
Because they degrade and fail over time. (Plumbing, electrics, windows, roof, damp, etc). But I agree. A roof over your head is important. But that can be either rent or own. And many countries don’t view it as an investment. It’s crazy in the UK and US where there’s an expectation that it will generate equity. (Demand high low supply etc). But I know in parts of Europe for example the price of the house has barely moved in a decade.