Oddbean new post about | logout
 How is it possible you can get such a beautiful home in Nashville for only 350k?

This would easily cost 1.5m in Toronto :(

I swear imma become an illegal immigrant in USA soon

https://image.nostr.build/a5f4ad0fb0cb8d0f16862598a51667644f745338baadb0364e0555f715ec02c3.jpg 
 Why would you need RE?! It’s a shitcoin 
 gotta live somewhere, and homes are a good way to speculatively attack the dollar 
 Renting is a bigger shitcoin 
 Yep, I'm locked into my payment for the next 30 years. I'm also at 2.25% fixed. I'll never pay this off, I'll use the extra to stack Sats.  
 I wish NZ banks offered mortgages fixed for the whole term. We can only fix for 5 years.  I'm at 5.88% floating and it jumps by 3% next year to 8.88% after my special discount expires (if the OCR doesn't change). 
 Same in Canada. Many people will be refinancing at much higher rates. Massive ticking time bomb. 
 Wow! Yeah that would suck.  
 It's a home not a coin! Somewhere to fill up with babies 
 Stacked from floor to ceiling 
 Real estate has significant holding cost: taxes, maintenance, insurance etc. it’s not very liquid and doesn’t hold value. 
 Doesn’t hold value?

In what world does real estate in general not hold value? 
 My parents bought apartment in Kyiv 2014 year for $55k now it’s $40k 
 Yeah, but that same property in a decade will be 400k once the war is over. 
 In decade this 💩 fiat 400k will buy you nothing 
 I bet they’d let you have it for 280k or less in a couple months 
 280k sats sounds fair 
 Move to 🇨🇿 Czech. You can have 3 houses like that! 
 It cost me almost precisely this much (NZ$550,000) to build a home of about the same sq-footage (180sqm) in NZ... but on a lot I already owned.  And a small lot like this would have cost another NZ$300,000.  So yes, this Nashville house is cheap. 
 Seems too good to be true. Prices are way higher than that around here. Median price per sq/ft is $267.... That one is only $189... I smell something fishy.  
 Yes. This is super sus. I’d expect closer to $500k in a moderately desirable outskirts. 
 500k seems more fair for a city as nice as Nashville, and still pretty affordable compared to my shithole 
 Dude, move. Your family will understand. 
 I applied for visas twice and always declined, actually very hard to legally immigrate to usa  
 Yeah, I know. Why the US? I’m making an assumption, but can’t you work from anywhere? 
 Very little culture shock, cheap travel to visit family,  allowed to own big guns 😍, affordable homes, best products and services, best business opportunities, USA is dope in many places 
 Yeah, I love the US too. Many of my relations live south of me, just across the border. My question was more, why limit yourself to just that?

There are many commonwealth countries that are easy for Canadians. NZ, Aus, UK, etc.

You’re young, without a family, hit the road man. 
 It’s a Byzantine Rube Goldberg machine of callousness and incompetence. 
 Having similar issues where I live... 
 Bro... You should see mine in GA. 190k and nicer than this house for sure. Bought prepandemic. Refinanced to a 15 year at 2.125% . RIP Bank that made that loan.  
 It's honestly sad

Only boomers will be left in Toronto soon 
 Inb4 you check out the house and it looks like this
https://www.youtube.com/watch?v=FJb7PyiIz_c 
 Lol nah, that's flushing. 

Granted, I haven't been to Nashville. But in Texas, house prices are cheaper as well and they're nice houses.  
 Seriously, move to Augusta GA. We'll start a citadel here. Nearly the best cost of living (price/performance) in the world. Nothing crazy to do down here but it's only a couple hours away from anything. We got the Masters if you like golf ⛳.  
 Canadians are financially illiterate and have spent two decades earning unrealized gains on their houses. 
 Prepare to get raked over coals for property tax

But at least you won’t be in a completely communist country and we’d love to have you 🇺🇸 
 You should. Illegal immigrants have all the perks.  
 Northern Shenandoah is cheaper. Look around Winchester, VA but not in the city. 
 FWIW, it’s a 9 hour drive from here to Nashville. DC BitDevs has a good group and if I can convince more devs to move to the area, then I’ll probably start Shenandoah BitDevs. Currently just https://shenandoahbitcoin.club is what we’re working with. 
 Check out how nice a house that much will get you in africa 
 El Salvador is calling you. 
 Sorry to hear your market sucks bigger nuts than ours, but where I grew up, that house is about $180k more than it should be depending on its age.