![\"Ya](\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\")
\u201cThe difference between Dogecoin and dog biscuits? Fool around and find\u00a0out…\u201d<\/p><\/div>I have been teasing friends about the vicissitudes of Bitcoin \u2013 how 12x last Friday can turn into 7x by today, and how people who talk about x-ing their “investments” are most often degenerate gamblers, losing slowly and lying about it.<\/p>\n
I’m not nobody’s investment advisor, just not yours, but I have zero interest in securities, even, much less hypotheticals. But most of the people I do advise have done very well \u2013 by avoiding everything arm’s-length and sticking to the soil and the structures appurtenant thereto. \ud83d\ude09<\/p>\n
The house I leased last week was purchased ten years ago for $70,500 \u2013 and the extra $500 may well have swung the deal in those days. Financed 80\/20 and the investor put around $15k back in as rehab. So $30k cash out of pocket is worth $300k today \u2013 but not just today. That would be 10x in ten years, but the house has thrown off rental cash-flow the whole time, a little at the start, a lot by now. Ten years of depreciation, plus accelerated depreciation on the appliances \u2013 and someday a tax-deferred exit on the appreciation, assuming China Joe doesn’t frolic that up, too.<\/p>\n
How much x in ten years? I can’t x that high \u2013 and if we have another Summer of “Love”, how much higher can it go? Nothing lasts forever and there is no accounting for luck. But at least half of all crypto-currency “investors” are net losers by now, where the firemen who rescued the economy by buying the houses no one else wanted are becoming millionaires on their prescience.<\/p>\n
It could be there’s a clue in there somewhere. If you breathe deep, you just might catch it…<\/p>\n
In other news:<\/em><\/strong><\/p>\n Housing Wire:<\/strong> Investors are buying up single-family homes across the US.<\/a><\/p>\n The Washington Times:<\/strong> Five Oregon counties vote to explore joining Idaho.<\/a><\/p>\n The Daily Mail:<\/strong> ‘It’s become an outdoor psychiatric ward!’ How California’s scenic Venice Beach has become a homeless hotspot with tent cities, violent crime and rampant drug use pushing families and tourists out.<\/a><\/p>\n The Federalist:<\/strong> Nearly 20 Percent <\/a>Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" \u201cThe difference between Dogecoin and dog biscuits? Fool around and find\u00a0out…\u201dI have been teasing friends about the vicissitudes of Bitcoin \u2013 how 12x last Friday can turn into 7x by today, and how people who talk about x-ing their “investments” are most often degenerate gamblers, losing slowly and lying about it. I’m not nobody’s investment […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3282\/casual-friday-caption-this-photo\/","url_meta":{"origin":18158,"position":0},"title":"Casual Friday: Caption this photo","author":"Greg Swann","date":"June 27, 2008","format":false,"excerpt":"My entry: \"Because I happen to like Argyle socks, that's why!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":18158,"position":1},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8385\/caption-me-this-magnum\/","url_meta":{"origin":18158,"position":2},"title":"Caption Me This Magnum","author":"Brian Brady","date":"May 13, 2009","format":false,"excerpt":"My vote?\u00a0 \"Who let Higgins in to your closet, Thomas? \" Sometimes, you just gotta have a sense of humor.","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3289\/shout-out-a-toast-to-life-abundant-and-caption-this-photo\/","url_meta":{"origin":18158,"position":3},"title":"Shout out a toast to life abundant — and caption this photo","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"Sez me: \"Bill Gates stole this facial expression from me and I want it back!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14685\/caption-obama-before-his-face-freezes-like-that\/","url_meta":{"origin":18158,"position":4},"title":"Caption Obama — before his face freezes like that.","author":"Greg Swann","date":"June 15, 2011","format":false,"excerpt":"My vote: \"I don't get it. This stunt always used to work with my Gammy.\"","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8372,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8372\/caption-this-photo-todd-carpenter-at-the-nar-mid-year-flamboozlepalooza\/","url_meta":{"origin":18158,"position":5},"title":"Caption this: Todd Carpenter at the NAR Mid-Year flamboozlepalooza","author":"Greg Swann","date":"May 12, 2009","format":false,"excerpt":"My votes: \"MIBOR? That's above my pay grade.\" And: \"No, this is not a clip-on tie!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18158"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18158\/revisions"}],"predecessor-version":[{"id":18159,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18158\/revisions\/18159"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}