For anybody with limited finances this is the best approach to investments in my opinion. Buying a property in New York sounds like a great deal, but this requires a lot of finances and for the majority of people this is not really an option. The advantage of investing in crypto currencies is that we can do this already with small amount. When saving a few hundred USD, or even 10k USD we could be building a nice crypto portfolio with good returns. Using that kind of money for a real estate deal would get us nowhere. It's hard to compare these two options because one requires to take out loans that might run for 30 years, whereas the crypto investments can be sold and bought everyday. Also using DCA seems the best approach for me to buy crypto currencies over a long period of time instead of making one big purchase today.
At the same time it is difficult to know if the real estate market will keep being as strong as it was, on the past people needed to be close to their jobs in order to get there on time, this force people to buy properties for a high price they may not like simply for their jobs, but now that many people can work online then this trend is changing, as you can move out to a part of your country which is cheaper and still make the same amount of money, so if I were to guess those expensive properties on NY could eventually go down in value and not be a good investment. 
Topic: I tired of Banks my experince with nyc high value Property (Read 329 times)
My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
For anybody with limited finances this is the best approach to investments in my opinion. Buying a property in New York sounds like a great deal, but this requires a lot of finances and for the majority of people this is not really an option. The advantage of investing in crypto currencies is that we can do this already with small amount. When saving a few hundred USD, or even 10k USD we could be building a nice crypto portfolio with good returns. Using that kind of money for a real estate deal would get us nowhere. It's hard to compare these two options because one requires to take out loans that might run for 30 years, whereas the crypto investments can be sold and bought everyday. Also using DCA seems the best approach for me to buy crypto currencies over a long period of time instead of making one big purchase today.
Borrowing money from the bank has a high interest rate that they will charge for sure if you build a business that you want. If you're just going to borrow from the bank, I think it's safer to put what you owe to invest in Bitcoin than to put it in a traditional business that you know.
At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
If he only put what he owes to invest in bitcoin, that will still be risky because the market is still unpredictable and no one will know when the market will get a bull run.At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
Meanwhile, he still needs to pay his debts to his banks and without having an income, he will find it difficult to repay his debts.
The interest from his bank can be higher depending on how much money he wants to borrow and how long the time he will repay the debts so he needs to search for a way about how he can have money to repay the debts.
If he wants to use DCA to invest in bitcoin, that will be fine but he needs to determine when to buy gradually.
Borrowing money from the bank has a high interest rate that they will charge for sure if you build a business that you want. If you're just going to borrow from the bank, I think it's safer to put what you owe to invest in Bitcoin than to put it in a traditional business that you know.
At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
There's no 100% guarantee Bitcoin price will increase after halving, so make sure you're invest in Bitcoin using borrowed money very carefully. You need to assume Bitcoin price will down to zero and what you will do after that to repay back the loaned money + interest rate.At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
Borrowing money from bank is good as long as you understand about it, watch Robert Kiyosaki's saying where he borrow money in order to evade paying tax.
I will prefer people to DCA bitcoin. If they want to DCA altcoins, they should be careful and look for the good ones. Altcoins can be very volatile and some of them can become shit coins and later become dead. I will prefer bitcoin.
You mean people will borrow money from bank and bank will demand high profit from them to pay back. That is true. But some people borrow from bank and they are able to pay back after they use the money for the business they want to use it to do. Some people use it for business and the business did not bring any good return and they have no other means than for the bank to sell what they used as collateral.
You can invest in bitcoin and make money, but have you forgotten that you need money to invest in bitcoin? If you can start a business without borrowing from bank, that would be better. Not also good to borrow money to invest in bitcoin or any other cryptocurrencies.
You mean people will borrow money from bank and bank will demand high profit from them to pay back. That is true. But some people borrow from bank and they are able to pay back after they use the money for the business they want to use it to do. Some people use it for business and the business did not bring any good return and they have no other means than for the bank to sell what they used as collateral.
You can invest in bitcoin and make money, but have you forgotten that you need money to invest in bitcoin? If you can start a business without borrowing from bank, that would be better. Not also good to borrow money to invest in bitcoin or any other cryptocurrencies.
Borrowing money from the bank has a high interest rate that they will charge for sure if you build a business that you want. If you're just going to borrow from the bank, I think it's safer to put what you owe to invest in Bitcoin than to put it in a traditional business that you know.
At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
You are giving advice to borrow money to invest in bitcoin rather than doing business, are you serious? You said you know about bitcoin, so what do you know about bitcoin? What evidence do you have to prove with certainty that bitcoin will rise again in the future, and when exactly?
Without history there is no future, but there is no guarantee that history will always repeat itself and history does not represent the future. Don't just look at history to be sure of something in the future, if investing in bitcoin is so easy, why do people lose so much?
Borrowing money to invest or do business is not a bad thing, but it will be bad advice when we do not know their economic situation and hastily give advice to borrow money. By the way, are you borrowing money to invest?
I will prefer people to DCA bitcoin. If they want to DCA altcoins, they should be careful and look for the good ones. Altcoins can be very volatile and some of them can become shit coins and later become dead. I will prefer bitcoin.
You mean people will borrow money from bank and bank will demand high profit from them to pay back. That is true. But some people borrow from bank and they are able to pay back after they use the money for the business they want to use it to do. Some people use it for business and the business did not bring any good return and they have no other means than for the bank to sell what they used as collateral.
You can invest in bitcoin and make money, but have you forgotten that you need money to invest in bitcoin? If you can start a business without borrowing from bank, that would be better. Not also good to borrow money to invest in bitcoin or any other cryptocurrencies.
You mean people will borrow money from bank and bank will demand high profit from them to pay back. That is true. But some people borrow from bank and they are able to pay back after they use the money for the business they want to use it to do. Some people use it for business and the business did not bring any good return and they have no other means than for the bank to sell what they used as collateral.
You can invest in bitcoin and make money, but have you forgotten that you need money to invest in bitcoin? If you can start a business without borrowing from bank, that would be better. Not also good to borrow money to invest in bitcoin or any other cryptocurrencies.
Borrowing money from the bank has a high interest rate that they will charge for sure if you build a business that you want. If you're just going to borrow from the bank, I think it's safer to put what you owe to invest in Bitcoin than to put it in a traditional business that you know.
At least with Bitcoin, we know something about it, somehow we are sure that the rise of its value in the market has a destination, yes, we have a risk due to volatility, but we know that the price value will really increase. especially since there is an upcoming Bitcoin halving and an upcoming bull run by next year.
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So what about altcoins like ETH or BNB? Not all altcoins are useless or not worth investing in and DCA.
I think you should re-read my comment again. I did not say all altcoins are useless, no, but perhaps many altcoins are useless.
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Bitcoin is not the only profitable investment in this market and the rest are useless.
I don't think I said anything relating to that, but then again, everyone has their choice of investment, and to avoid mistakes and regrets, they have to get informed first about the risk of any investment they are venturing into.
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Do you dare bet with me, if you buy BTC from the bottom and I buy ETH during this bear season? I'm pretty confident that my profits will be higher than yours in the upcoming bull season.
No, I don't bet on investments. I do my research before making an investment, and if I find out that an asset is not worth my funds at that moment, I don't go for it in a rush.
In essence, all parties will definitely seek a profit. And of course this includes banks. Every bank company always tries to attract more customers to their bank. With the aim of getting more profits of course. And every customer who comes to the bank actually has a different purpose. There are those who really want to secure their assets in the bank. There are those who ask for capital assistance and so on. What must be considered here is how to establish mutually beneficial cooperation between both parties. Both for the customer and also for the bank. There must be reciprocity between the two. And if there is no reciprocity in kind then of course there will be no cooperation. And many private banks currently have better offers to their customers than state-owned banks. And I think we just have to look for something that fits what we're looking for that can be mutually beneficial for both parties.
Recently, many threads on this forum have criticized banks, and it seems like no one is coming to their defense. Banks have indeed made significant contributions to the overall development of the world, generating substantial revenues for governments. They have also supported many successful entrepreneurs through loans, which has played a crucial role in economic growth.
When it comes to cryptocurrencies, it's essential to consider what they contribute to governments. Some individuals may still be benefiting from traditional banks, while others have found advantages in cryptocurrencies. I don't view them as rivals or competitors; they represent two distinct options for managing money and assets, one digital and the other physical. Even if cryptocurrencies become dominant, fiat currencies will likely continue to exist, as not all countries may adopt cryptocurrencies as their primary currency.
When it comes to cryptocurrencies, it's essential to consider what they contribute to governments. Some individuals may still be benefiting from traditional banks, while others have found advantages in cryptocurrencies. I don't view them as rivals or competitors; they represent two distinct options for managing money and assets, one digital and the other physical. Even if cryptocurrencies become dominant, fiat currencies will likely continue to exist, as not all countries may adopt cryptocurrencies as their primary currency.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
After all they are a business, they need to pay their employee and they need to make money to survive, and their main business is loan, so yeah they provide you money but they will take advantage of it. Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
I don't know how the credit/mortgage system work in your country, but from where I came from. If you put more down payment, you will have lower total interest, and if you want to want to get the lowest possible down payment you need to have a good credit score. You should check whether that 40% down payment actually give you lower total interest that you need to pay or not, if yes then the bank is actually helping you.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
After all they are a business, they need to pay their employee and they need to make money to survive, and their main business is loan, so yeah they provide you money but they will take advantage of it. Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
I don't know how the credit/mortgage system work in your country, but from where I came from. If you put more down payment, you will have lower total interest, and if you want to want to get the lowest possible down payment you need to have a good credit score. You should check whether that 40% down payment actually give you lower total interest that you need to pay or not, if yes then the bank is actually helping you.
A lot of people think that banks are there for us and to provide us with benefits, I know that we get to use their services and we need those services, but we are in no way getting any benefits from the banks, instead, they are using us to earn billions of dollars every year, and where does that money come from? From us, of course. We give them our money to keep and they use that money on loans and other stuff and earn money on that, and what do we get for that? Barely 10% of our money a year.
This is the biggest reason why banks and financial institutions find Bitcoin and cryptocurrencies as a threat because they know if people start taking their wealth from them into Bitcoin and cryptocurrencies, they will have a hard time since it's the money they get from us that they use to earn revenue.
This is the biggest reason why banks and financial institutions find Bitcoin and cryptocurrencies as a threat because they know if people start taking their wealth from them into Bitcoin and cryptocurrencies, they will have a hard time since it's the money they get from us that they use to earn revenue.
They don't give you nothing they get profit and they don't help with innovation.
Banks are profit making companies. Bank does not have a factory. A bank's factory is its balance sheet, which functions by lending out the deposits it collects. The bank has to make money and profit from this core business and its subsidiary businesses so that it can grow its capital and collect more deposits and lend more money.
It is useful to add a little macroeconomic information here. When banks are not making profits, their capital cannot grow and banks cannot grow their balance sheets. In an environment where the banking sector is not growing, companies cannot find the financing they need to grow or individuals cannot get consumer loans to buy houses, cars, vacations, technological devices and the like. As a result, the economy becomes more dependent on foreign funding. Therefore if you want to live without making money for the bank, you can live without using banks, but when banks are used, it is natural to know that the bank has various intermediation revenues in return for the services received from banks and to act accordingly.
Banks are a business model, the idea is not that bad and it could have done a lot of good for the people, it allows the ones that have too much to put in the bank and make a profit, and the ones who do not have enough to take and pay back a bit more to make the ones who give them the money a bit of profit.
This way everyone benefits from it and it works as intended. Long time ago banks realized that they could make a lot more profit if they stretch it bigger, like you give them 100 dollars, they loan that same 100 dollars to 10 different people to make a profit, that way while they pay you 5 dollars in profit, they get 50 dollars in profit themselves. This caused a lot of trouble for everyone and got them very rich.
This way everyone benefits from it and it works as intended. Long time ago banks realized that they could make a lot more profit if they stretch it bigger, like you give them 100 dollars, they loan that same 100 dollars to 10 different people to make a profit, that way while they pay you 5 dollars in profit, they get 50 dollars in profit themselves. This caused a lot of trouble for everyone and got them very rich.
My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
DCAing cryptocurrency or Bitcoin? The DCA strategy is mostly used while investing in Bitcoin because it's the only crypto asset that doesn't have a pump and dump algorithm like altcoins. Also, lots of those altcoins in the market are so cheap and you don't even need to use the DCA strategy in order to invest in them. Let's take for example you are DCAing a token that is trading for about $5, but as you keep DCAing, the price keeps dropping until it finally falls to $0.8 which was never going to see another pump of even up to $2, that means you just lost your investment.
So what about altcoins like ETH or BNB? Is it true that as you said, has ETH ever been dumped and never returned to its old ATH? Not all altcoins are useless or not worth investing in and DCA. Bitcoin is not the only profitable investment in this market and the rest are useless. Although altcoins have more risk, in return you cannot deny that their profits will be more significant than BTC brings. Do you dare bet with me, if you buy BTC from the bottom and I buy ETH during this bear season? I'm pretty confident that my profits will be higher than yours in the upcoming bull season. When talking about the risks of altcoins, we should not imply all of them because there are some that are worth investing in.
The thread title seems to suggest that you're talking about New York City property, but then the rest of your message is such rambling garbage it's hard to understand. The top cities in any country always have the highest property prices and it is hardly a surprise for anyone who would be taking out a mortgage in the area. As you've identified, they don't have any interest in gaining your business because you are just a high risk to them and you're unlikely ever to be able to pay off a mortgage in that location if that is your grasp of the English language. Nor do you need to buy a property in such a place, America is a vast place and you'll find cheaper property in many different areas, so adjust to that reality.
We also need to take into account the general area where we want to buy our property in order to understand the attitude of banks and realtors, when we are talking about such a exclusive area in which prices are some of the highest you can find all around the world then they can get away with being extremely cocky, as the main reason people are buying into those expensive areas is to show their wealth, so it is natural the OP encountered such a reaction and no one wanted to negotiate with them as there will always be someone else willing to buy the property and accept all their conditions. 
buying properties in New york is one of the worst things you could do to yourself.
People are already catching up to the news. New York's not the concrete jungle it was made out to be. No innovation, the whole city's sinking every year, stupendous prices for rent which no one in their right minds will pay except out of desperation, rats everywhere, and the general fact that NYC isn't the most hospitable or habitable city on the planet. I say if you're really into real estate invest in those that are at the country side, never in crime-dense areas. Do yourself a favor and pull out of that investment (I know it's your own money and I have no rights to ever influence you but NYC is a massive honey trap you shouldn't be falling for). Otherwise you're practically commiting to losing everything over time.
People are already catching up to the news. New York's not the concrete jungle it was made out to be. No innovation, the whole city's sinking every year, stupendous prices for rent which no one in their right minds will pay except out of desperation, rats everywhere, and the general fact that NYC isn't the most hospitable or habitable city on the planet. I say if you're really into real estate invest in those that are at the country side, never in crime-dense areas. Do yourself a favor and pull out of that investment (I know it's your own money and I have no rights to ever influence you but NYC is a massive honey trap you shouldn't be falling for). Otherwise you're practically commiting to losing everything over time.
hero member
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My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
DCAing cryptocurrency or Bitcoin? The DCA strategy is mostly used while investing in Bitcoin because it's the only crypto asset that doesn't have a pump and dump algorithm like altcoins. Also, lots of those altcoins in the market are so cheap and you don't even need to use the DCA strategy in order to invest in them. Let's take for example you are DCAing a token that is trading for about $5, but as you keep DCAing, the price keeps dropping until it finally falls to $0.8 which was never going to see another pump of even up to $2, that means you just lost your investment.
They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.
Second point is the pieace of land and a lot of glass with concrete not worth that much of money i would take risk.
Third, point i asked the proper construction building assestment scheme so i will see all the faults in Property aswell and off course they refused.
But i know it's a crap and i'll make my offer that i want they are not gona sell to me their crap with most expensive price Im here to make money and earn profit not to be the one who will put all my time and efforts for nothing Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.
My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.
Second point is the pieace of land and a lot of glass with concrete not worth that much of money i would take risk.
Third, point i asked the proper construction building assestment scheme so i will see all the faults in Property aswell and off course they refused.
But i know it's a crap and i'll make my offer that i want they are not gona sell to me their crap with most expensive price Im here to make money and earn profit not to be the one who will put all my time and efforts for nothing Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.
My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
The thread title seems to suggest that you're talking about New York City property, but then the rest of your message is such rambling garbage it's hard to understand. The top cities in any country always have the highest property prices and it is hardly a surprise for anyone who would be taking out a mortgage in the area. As you've identified, they don't have any interest in gaining your business because you are just a high risk to them and you're unlikely ever to be able to pay off a mortgage in that location if that is your grasp of the English language. Nor do you need to buy a property in such a place, America is a vast place and you'll find cheaper property in many different areas, so adjust to that reality.
I think banks do have personal benefits for their business. Unless you are an investor there, if you are just a customer, maybe you will only get an offer from their business model. but don't worry, I'm sure you are on this forum, which means you know how much potential crypto has now. You have to take advantage of it to not lose out to the business owned by the bank. even if individually it is not as big as a bank, but personally you get a lot of benefits.
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