Crypto Mortgages...

[The_Krakenite]

It's a real thing... and official.

 

[Nobert]

New CDO's (?)

 

[Frederick Foresight]

It's a real thing

So is bobbing for French fries.

 

[MKTrader]

So is bobbing for French fries.

So are imbeciles on ET.

 

[USDJPY]

What happens to the capital gain on the crypto? Sounds like a tax avoidance scheme to me.

 

[johnarb]

What happens to the capital gain on the crypto? Sounds like a tax avoidance scheme to me.

There's no capital gains tax since there is no sale of crypto assets

Using Bitcoin and crypto assets to get a mortgage 100% of the loan backed by the crypto assets, no downpayment is requred

Before Milo and there's another one on a thread I started, the LTV is 50% on BlockFi, Celsius, Nexo and other crypto lending firms and with very short term agreements

This is a real game changer for Bitcoin and crypto hodlers who do not want to sell their crypto assets but want to purchase real estate or cars or other properties


https://elitetrader.com/et/threads/...-s-crypto-mortgage.364281/page-2#post-5567146

 

[MKTrader]

What happens to the capital gain on the crypto? Sounds like a tax avoidance scheme to me.

And we need taxes to pay for the next $6.3 trillion infrastructure bill with all sorts of pork and woke side projects. Muh, tax avoiders!

 

[nooby_mcnoob]

What happens to the capital gain on the crypto? Sounds like a tax avoidance scheme to me.

Correct, this is to avoid capital gains on the transaction. So you transfer X amount of crypto to a third party and are loaned an amount in USD. Presumably if the crypto market falls, you're fcked.

 

[LuckyMac]

Ive seen this and some asking to pay their mortgages in crypto. Its so crazy the adoption that is happening with i think it is the mayor of Miami taking his salary in crypto too. Seems like its such a massive opportunity but still doesnt feel real at times

 

[Frederick Foresight]