In April 2021, Bitcoin hit an all-time high in the price of its coins, virtual trader Coinbase went public with a valuation of $86 billion, and Venmo, owned by PayPal, announced it’s adding support for cryptocurrencies.
All of these give access to customers who can now easily buy, sell and pay for items with cryptocurrencies for lower fees, more privacy and more security than they currently get through traditional banking.Coinbase.com explains that cryptocurrencies are simply decentralized monies to be used over the Internet. No governments, banks, companies or other entities are in charge of it, allowing anyone who wants to participate to be able to. Transactions are safer as they don’t include personal information to merchants, lenders, payment processors, advertisers, or credit reporting agencies. While the coins are volatile, you can even turn your virtual coins into dollars, as one homebuyer did in Texas in 2017 using Bitpay at the seller’s request.
According to CNBC.com, all you need is for the buyer and seller “to agree on exchanging bitcoin for the property.” Or another cryptocurrency if you prefer. All transactions are public and transparent through an open book technology called the blockchain. If you don’t have enough bitcoin cash to buy a home, no worries. You can start saving for your down payment by using USD Coin, which is tracks 1:1 with the U.S. dollar. Customers who hold USDS coins can earn rewards, an alternative to a traditional savings account, says Coinbase, so start saving for your down payment now.
Home prices are going up, but in some areas of the country, it may be cheaper for you to save money for your own home by renting another year. According to Move.com, renters can save thousands on a lease in the nation’s largest tech hubs, compared to pre-pandemic prices.
In February 2021, the U.S. median rent, which is calculated by averaging the median rent of the 50 largest metros, was up 0.6% to $1,452, well below its pre-COVID growth rate of 3.2%. Meanwhile, the median mortgage payment, reports TheBalance.com, was $1,100 in 2020.
Monthly mortgage payments are based on the loan amount, interest rate, and the term, typically 30 years. Renters are required to pay hefty security deposits that are often not refundable. Landlords can raise rents when your lease expires. Homeowners make down payments which reduce the amount of money they need to borrow to purchase a home; they pay ongoing expenses such as property taxes, homeowner’s insurance, and private mortgage insurance in many cases. However, mortgage interest and property taxes are tax-deductible, if you file long form. TheMortgageReports.com suggests that buying is a long-term investment, with prices going up over time. The amortization of your monthly mortgage means that at first little money goes to reduce the principal and the majority goes to pay interest to the lender. The longer you own, that slowly reverses until you’re paying mostly principal and little interest. Over time, you’ll own something, whereas with renting, you get no ownership stake.
Architects and interior designers strive to improve living spaces so their clients will be happier and more productive. One increasingly popular approach is called biophilic design, which “seeks to connect occupants more closely to nature,” according to Archdaily.com. Biophilia simply describes the affinity and love humans have for the natural world and its life forms. It’s the reason we have house pets, indoor plants, and install skylights, wood floors and granite countertops in our homes. We screen windows and doors to let in the fresh air. We are willing to pay much more money for homes with views of the ocean or lake, the mountains, or park-like landscapes.
Humans spend 90% of their time indoors, so we’re happier when we can bring the outdoors inside, which explains the booming houseplant industry, reports Fastcompany.com. We’re simply happier, more focused, and healthier in a biophilic environment, and there are numerous studies confirm the direct positive effect nature has on our well-being.
So how can you incorporate biophilic design into your environment? LifestyleAsia.com suggests that objects, materials, textures, colors, shapes, and sequences that mimic nature will stimulate visual, auditory, haptic, and olfactory connections to the natural world. Start with plenty of natural light. Add a water feature, such as a small entry fountain. Use walls to hang landscape paintings or botanical wallpaper. Add fragrant plants, flowers and candles with pine, lavender, and other soothing scents. You’ll soon see that furniture, art, décor and architecture can work together to create a peaceful haven.