Would you rather...

[iamgine]

This made me think for a minute. Would you rather:

a. Get $100,000

or

b. Anything you buy is 50% off but you can't resell or get any profit from it

[LeCola]

In my country:

%40 of the employees make 314 dollars per month.
Another %40 make between 314-628 dollars.

People who make more than that money, mostly resells things.

We pay high taxes around %200 for cars.
PS5 is sold with more than %100 taxes.

So, picking a sounds much better.

Also, I should pay 40.000 dollars tax if I pick a. :lol

[Shogon]

The objectively correct answer, and there is an objective answer here, is to take the $100k and buy BTC.

Well, if you're trying to maximize your value over a decade+, anyways.

[Jasper]

The objectively correct answer, and there is an objective answer here, is to take the $100k and buy BTC.

Well, if you're trying to maximize your value over a decade+, anyways.

10 4

[j3lademaster]

Choice b. If you would normally buy a million dollar house, you can now buy a 2 million dollar house and save a mil right there. On top of that daily expenses and bills. I could have saved up a bit and got my Tacoma straight cash at half off. Half off college tuition for my daughter in the future too? Whereas 100k in a diversified portfolio will be roughly 800k in 30 years. And that’s considering it doesn’t even help u for 3 decades and inflation eats into it. Option b is guaranteed to be relevant through any kind of inflation too.

Unless you’re a day trader or poor as ****, option b is the way to go.

[Patrick Chewing]

50% off all day every day. Think of all the stuff you've purchased since you first had money to spend. Probably totals well over 100,000 already. I've paid off three cars in my lifetime so that's right around 75,000 right there.

[Kobe_Bryant]

50% off duh. after 3 years you would save 100,000

[Shogon]

There's a tad bit of nuance here I suppose assuming you are super wealthy... because if you are wealthy enough to buy enough BTC that at 50%, said amount would surpass 100k worth, then sure, there you go.


But I viewed this thread through an everyday person's perspective and I think you'd have to be an ultra prick AND/OR super ignorant not to do so.

The average annual income per person globally is $10,000 USD.

I gave the correct answer from your traditional person's perspective that is not already super wealthy.

All of you that are saying 50% off have a buyer's mindset and that is why you will never escape your situation.

The **** is a person on an annual income of 10k going to do with a million dollar home at 500k?

[j3lademaster]

There's a tad bit of nuance here I suppose assuming you are super wealthy... because if you are wealthy enough to buy enough BTC that at 50%, said amount would surpass 100k worth, then sure, there you go.


But I viewed this thread through an everyday person's perspective and I think you'd have to be an ultra prick AND/OR super ignorant not to do so.

The average annual income per person globally is $10,000 USD.

I gave the correct answer from your traditional person's perspective that is not already super wealthy.

All of you that are saying 50% off have a buyer's mindset and that is why you will never escape your situation.

The **** is a person on an annual income of 10k going to do with a million dollar home at 500k?The op is 'would you rather' not 'what should the average guy pick?'.

[SouBeachTalents]

B seems like the easy choice, esp if I'm getting purchases like homes, cars & college 50% off

[iamgine]

B seems like the easy choice, esp if I'm getting purchases like homes, cars & college 50% off

Can't sell or profit from it though.

[Shogon]

The op is 'would you rather' not 'what should the average guy pick?'.

So you're a multi millionaire then?

Because you definitely fall under the ultra prick category.

You can't start talking about multi million dollar homes, not be rich enough to afford said homes, and then start quoting the thread title, picking and choosing how you want to argue your way out of this.

[j3lademaster]

So you're a multi millionaire then?

Because you definitely fall under the ultra prick category.You don't have to be a multimillionaire to save a million dollars through your lifetime if everything is 50% off. Houses, cars, college tuition, daily bills factoring in inflation and how real estate is growing. Whereas a safe investment in etf's will get you 800k in 30 years.

[tpols]

In my country:

%40 of the employees make 314 dollars per month.
Another %40 make between 314-628 dollars.

People who make more than that money, mostly resells things.

We pay high taxes around %200 for cars.
PS5 is sold with more than %100 taxes.

So, picking a sounds much better.

Also, I should pay 40.000 dollars tax if I pick a. :lol

I forget the figure but like 75% of the USA has less than 1000 dollars in their bank accounts. And that's the richest country in the world. Most of the world lives in poverty and wouldnt benefit as much from half off when they're spending barely any money compared to 100k up front which would seem like a goldmine to 90% of the world population.

[Shogon]

You don't have to be a multimillionaire to save a million dollars through your lifetime if everything is 50% off. Houses, cars, college tuition, daily bills factoring in inflation and how real estate is growing. Whereas a safe investment in etf's will get you 800k in 30 years.

So you can afford a million dollar mortgage then? Because the thread title says "you", right? Isn't that what you said? And I seem to remember you talking about buying a $2 million house for $1 million.

[j3lademaster]

So you can afford a million dollar mortgage then? Because the thread title says "you", right? Isn't that what you said? And I seem to remember you talking about buying a $2 million house for $1 million.Yes? My mortgage is $2400, I bought in a good market. We pay 5k-6k on it which is close to the mortgage for 1mil. When the market dips and the housing prices go back down we'll probably buy another home and go back to paying the 2400. We max out 401k to 19k/year, hsa match to 4500 or 5500 i forget what the max was etc. It's just hard work and responsible spending. If we can half off of any home we'd for sure get the bang for our buck and get a 2mil home and that alone is more savings than a safe investment on 100k for 30 years.

[Shogon]

Yes? My mortgage is $2400, I bought in a good market. We pay 5k-6k on it which is close to the mortgage for 1mil. When the market dips and the housing prices go back down we'll probably buy another home and go back to paying the 2400. We max out 401k to 19k/year, hsa match to 4500 or 5500 i forget what the max was etc. It's just hard work and responsible spending. If we can half off of any home we'd for sure get the bang for our buck and get a 2mil home and that alone is more savings than a safe investment on 100k for 30 years.

Based on your numbers, and based on most lending standards, for a million dollar mortgage, you're very loosely disclosing that you have a combined household income (with your + whoever's) of a bare minimum of at least $200k annually. If that's true, good for you. Maybe true, maybe not. Assuming 2 people in household, that puts you in the >99.99% globally.

Your original post still says "you" as in reference to other people buying the house, not "I" as in yourself.

And while I don't know the future, I wouldn't be going long on real estate in the US in real world value. Priced in dollars, it should theoretically do nothing but go up, and I've been wrong before, but does anyone really think the US will go another 30 years without a currency crisis/collapse/loss of global reserve standard?

[n00bie]

Can't sell for profit?? Definitely take the 100k

[hiphopanonymous]

The correct answer is 100k. It can be invested or turned into profit to build its value over time unlike the other option.

Generational wealth or wealth accumulation comes from an ability to liquidate assets or invest for gain. The stipulation in option B rules it out immediately for me.

Sure I could get everything cheaper... but it's a straight up black hole. I'm strictly spending never earning. If I purchase a home for 200k instead of 100k I can SELL the 200k home to buy another home later or rent it out and it's value by the time I want to sell it could have skyrocketed to 500k. The 100k home was purchased cheap but ultimately I can do absolutely nothing with it and if I want to move I take a huge loss that a normal homeowner actually doesn't even take. It was a black hole that will never ever enable me to make money.

[j3lademaster]

Based on your numbers, and based on most lending standards, for a million dollar mortgage, you're very loosely disclosing that you have a combined household income (with your + whoever's) of a bare minimum of at least $200k annually. If that's true, good for you. Maybe true, maybe not. Assuming 2 people in household, that puts you in the >99.99% globally.I get 4300 and change on my biweekly check after taxes and deductions. My wife's about 3100. would we be able to afford a 5k mortgage on my salary alone? Maybe, but it'd be tight. But magically make daycare, vacations, property taxes etc etc 50% off? It's be much more manageable. And we do feel fortunate to be Americans who are able to earn decent. I'm completely aware of poverty around the globe and my "poor as ****" quote from my original post in this thread can definitely come off a bit insensitive or "an ultra prick". I definitely try not to be, whether online or in real life. It was moreso just locker room type talk. I don't always put a ton of thought into my posts so sometimes it can be unfiltered.


Your original post still says "you" as in reference to other people buying the house, not "I" as in yourself.That's my slipup then.


And while I don't know the future, I wouldn't be going long on real estate in the US in real world value. Priced in dollars, it should theoretically do nothing but go up, and I've been wrong before, but does anyone really think the US will go another 30 years without a currency crisis/collapse/loss of global reserve standard?Inelastic goods and services usually beat these. As long as the economy doesn't literally collapse like Lebanon.

[GrayGoat]

100k. You can easily make that money work for you

[j3lademaster]

The correct answer is 100k. It can be invested or turned into profit to build its value over time unlike the other option.

Generational wealth or wealth accumulation comes from an ability to liquidate assets or invest for gain. The stipulation in option B rules it out immediately for me.

Sure I could get everything cheaper... but it's a straight up black hole. I'm strictly spending never earning. If I purchase a home for 200k instead of 100k I can SELL the 200k home to buy another home later or rent it out and it's value by the time I want to sell it could have skyrocketed to 500k. The 100k home was purchased cheap but ultimately I can do absolutely nothing with it and if I want to move I take a huge loss that a normal homeowner actually doesn't even take. It was a black hole that will never ever enable me to make money.Yeah but if you think about it all the wealth you accumulate in your lifetime by the time you retire gets basically doubled since everything only costs half as much. Most people stop investing, or at least seriously investing after they retire. Especially if you're american with the cost of healthcare here, a big factor as to why it's so hard to retire now and is predicted to get much worse in 30-40 years.

[Axe]

In the long run, option b.