I have been lamenting over the lackluster Rental Income for the last EoS and current Season...
I keep adding high RoA% Cards and yet it seems I am not making progress towards my 10k DEC/d Goal...
I am currently sitting at 4,401 DEC/d... which is good... but about where I was several weeks ago and I have invested about $150 of fresh capital... which SHOULD translate to at least 150 DEC/d more but if any of my previous articles held true would be closer to an extra 300+ DEC/d...
I kept questioning everything and was trying to figure out WHERE the flaw was... why wasn't I seeing progress over a few weeks ago... then it hit me this morning as I read MavChat...
Land.
Oh yeah... kind of a big deal lol... Land has been GOBBLING UP DEC LIKE NO ONES BUSINESS!!!
There's not nearly as many rentals right now due to people focusing DEC on Land and the price of DEC has reflected this -> $.894 per 1k DEC!
That's up from the $.70 mark where it was less than a month ago!
I suspect as people funnel large volumes of DEC into land, in the short term, Rental Income will suffer DEC wise... but $ wise, it will remain relatively steady as DEC values increase...
My plan is to buy what others AREN'T focusing on... because whatever the crowd focuses on goes for a premium... and whatever else... goes for a discount 😄
Like I said, quick update today and it's kind of a "duhhh" moment... with work, life and everything else going on - dear God... these allergies are killing me... It took me a minute to recognize the factors involved.
I hope you have a great day out there in Praetoria and wherever you may reside irl 😀
Cheers 🍻,
