RE: Renter || Buyer

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First, i when crypto moons (and house prices continue to fall) i suggest you TRADE your crypto for a house.

Crypto is currently classified as a commodity, and a commodity can be traded for equal value... just have to find a lawyer who will write the agreement correctly.

Buying a house is for the most part shtupid. A money sink.
It is your biggest liability.

BUT! If you do buy in the down market, and are pretty sure there is going to be an up market. It can be a good investment.

You could also buy the largest bedroomed house you can, and rent all the rooms.
If you can manage this, it will usually get you free rent, and a house in the future.
Similar, you can buy a duplex and rent out half of it.

And lastly, it really depends on your temperament.
If you are a house fixing, DIY kind of guy, buying can work well.
If you like staying it one place and putting down roots, buying can work well.

If you don't want to touch the house, plumbing... anything, then renting makes that easy.
If you plan to move to wherever is most suitable for your job, then renting is far superior.

There have really only been a few times in the last few decades where buying was actually cheaper than renting.

One of those times may be coming up, as house prices fall faster than rents.
But many places buying is 2x rent, soooooo, it may be a while.

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https://smartasset.com/taxes/avoid-capital-gains-tax-on-gold

I don't think commodity trade is going to fly in USA

Consider a 1031 exchange

A 1031 exchange could offer you more flexibility, allowing you to defer the tax bill on a capital gains so long as you reinvest those profits in another investment asset.

Generally, you have to make this new investment within 45 days of selling the old one. It has to be a similarly situated investment, so if you sell gold you would need to reinvest the profits in precious metals. And you need to have an intermediary hold the money, because as soon as the capital gains hit your bank account they become taxable.

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There are some lawyers who believe that trading crypto for a house, directly, should be a non-taxable event. (not selling to cash)

But, who will be the first one.
The Infernal Revolting Syndicate will try every scheme to get taxes out of both sides, but as soon as they make a ruling, their hands will be tied.

Also, have to find a title company that will take such a trade.

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