Oddbean new post about login | logout I walked right into that one haha I'm looking at buying a home to get into the market and get my kid into a school so I'm weighing btc vs home.
Tbh, I'd say you could put a zero on the end of that for the end of 2029, about 500k.
Well, can't live in yer Bitcoin. My 2 sats: buy the house & leverage as much fiat as you can pay back monthly. If you must sell for a down payment, set aside a dca to keep you on track. My guess is above 200k usd in 5 years my hope is 58k
My perspective: Don’t buy a home to get into the housing market; buy a home to have a home if you don’t want to deal with a landlord (I.e., telling you how you can’t paint or garden, etc.) If the school is government-run, I hope you can be persuaded to consider other options. They are awful in so many ways.
Are there options for would-be teachers who don't want to work for the government?
Private schools Independent tutor Teach for an after school program and/or camp Become a dad and participate in your local homeschool co-op
FYI one does not have to be a parent to teach homeschoolers. My Spanish tutor was employed by our co-op and had no kids. Also FYI I’ve done most of these things, at home and abroad. Working for an after school tutoring program was what I did in China.
I did that some in China too.
A co op sounds like a good idea
Yeah they are a great thing! Be sure to look for them in your area. And if one doesn’t already exist, you can start one with other homeschoolers and advertise in parenting magazines, local message boards, etc.
Why not to get in the housing market? My thoughts are build equity, have something for my family. But that houses have so many expenses, plus we've a baby coming in the spring so there's those expenses as well.
If the thing you want for your family is a house, it’s a great idea to buy a house. If you plan to treat a house as just an investment, I think it’s a gamble. That we see real estate as an investment is because of fiat games with our money making anything else more valuable, like in Weimar Germany. I’d buy Bitcoin instead.
That makes sense, and I agree. If I were solo I would live in a studio, and really just work, pray, gym, and stack sats. But with kids I see it as a way to get them into certain schools and idk. I guess there are home school options. I can't afford much, so there's not a big market for me, and I worry, but I shouldn't really.
I have seen both sides; I went to government school until part of the way through sixth grade, then was homeschooled until college. I can’t tell you strongly enough how much better homeschooling was in every fathomable way. Especially in the internet age, homeschooling can be done cheaply. Ask around; join some forums and groups. If your baby isn’t even here yet, you definitely have some time to research. Private schools may also have scholarships that can ease your financial burden. I have no direct experience with those, though.
So this conversation inspired me to ask Nostr this question, and responses are beginning to trickle in: nostr:note15z9atdsqt64skagc8wlepxtreqtzvzpdr5eqfwj46skpmrswu9eshdzazf
Congratulations on your baby!