How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment.
How about, um,
owning your own home? As in:
Free and clear.What a
nice society you have: The “American dream” of home
ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans. It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank.
The banks own everything! You are so immersed in debt culture based on debt-“backed” money and
total submission to the banks, you cannot even see what is wrong with your proposition.
Bitcoin, and home ownership: Be your own bank. Be the king of your castle.In 2018 I had no choice, I was in a situation where I needed to acquire a house asap. My plan was to get a mortgage, sell only enough btc for a down payment, and let the rest ride. Then I would hodl my btc until it appreciated and eventually would pay off the loan early.
The problem I ran into was that a) in 2018 bitcoin value was falling rapidly, and b) the bank would not certify me for a "jumbo loan" which would have been required to buy the house + the land. So reluctantly I had to sell enough btc to buy the property outright. Which ended up being a smart move overall, but cost me a big chunk of my total bitcoin. The price of bitcoin is obviously now higher than when I had to sell.
I will say though, owning your house outright does feel good, especially when it is your "forever home" that you plan to live in until you die.