Member-only story
I admit to being short on imagination.
Let me explain.
With the benefit of hindsight, I would have been far better off financially if, over the years, instead of selling a given domicile in order to buy another, I had kept the original domicile.
(Of course I might not have been able to buy the subsequent domicile).
Perhaps the most egregious example of what happened:
In the late 1960s, being a healthcare provider in training at Stanford, I bought a small one-story house in Palo Alto.
At even the (in retrospect) paltry purchase price, the mortgage consumed about half what I made.
The house had only about 1100 square feet, but lay on a lovely yard with white birch trees.
We paid $27k for the house, which contained a one-story garage we didn’t park our car in.
What is that house worth today?
I just checked on redfin.com, a real estate platform.
$2.734M.
Of course, probably no one could have foreseen what would happen to that geographic region in subsequent decades.
Certainly not Laszlo Hanyecz, the programmer who paid for 2 pizzas in 2010 with 10,000 BTC in Florida.
BTCs are worth close to $100k each today.
But had I been sharing pizza with Laszlo that day, I might well have encouraged him to use BTC to buy pizza.
