While saving a bunny yesterday we got a call from the bank about our home loan. We have a split loan with the house and a second loan with a higher interest rate for the renovation. The goal is to increase the value of the house enough to be able to roll the second loan under the same terms as the first. If we can't do this, it isn't the end of the world as the second is not such a large loan, but it wouldn't be ideal.
The call was because we have asked for an extension on the time before evaluation, as for various reasons that are mostly Covid restriction related, we are behind schedule. However, the bank is unwilling to do this, which means we have until the start of June to finish the house and as the pictures indicate, we are far from ready.
Not only are we far from ready, but a couple of the contractors now have to move onto other jobs and can only help occasionally, which means that 90% of the work remaining is going to be me and my wife, which probably leaves 80% of it up to me :D
We know we won't be able to finish it completely anyway, as the floor paint takes about 4 weeks to dry (upstairs it took 10 in the winter), so that is going to have to wait until after the evaluation. The only thing working in our favor is that the evaluator will be the same person who sold us this house and sold our apartment, so he will hopefully be a little less strict. With what we have done. we should be able to clear the estimation we need, but one never knows and "should" is not will.
While I have never been in this specific situation before, I am far less stressed about t than I think I would have been a few years ago, as technically, I would be able to cover any shortfalls we would have in the loan budgets using the passive investments I have.
Last night 
Currently though, the yield is quite insane and I was having a look at what I am getting in a daily yield and it is averaging 234% a year. All things remaining equal and with the current amounts in there, that could effectively mean I wouldn't have to work. But I know that things do not remain equal and this definitely won't, especially as the bull market comes to an end in the next year and people start to cash out because they didn't prepare to survive the bear. I also know that the global economy is in a precarious position, making all income streams volatile and instable and therefore, shouldn't be taken for granted.
I think people overweigh current conditions far too heavily in both the positive and the negative, with either side of the equation people acting as if things will never change. When things are down they complain about why they will never be good again. When they are up, they forget that the downturn is inevitable and act as if the new highs are the future normals. While life is an eclectic range of spectrums, people end up pretty black and white in their considerations and get accustomed to conditions very fast.
For me, the yield I am looking for from investments will be one that is able to support my daily life by providing a padding that I need not rely on and can rather, use as available investment energy while I go about living my normal life. Fuck Lambos, I want sustainability in as many areas as I can get it and in order to do so, I will take some risks and make some tradeoffs now, in order to provide that income later.
I was thinking about this in regards to what percentage return I would need in order to risk the capital and it doesn't really have to be so high, as long as it can be "relied" on. Reliability is going to become very valuable in crypto, which is also why I think that once things settle in DeFi, many will look to places like Hive where they can both interact in many ways across several communities, and still get a significant return.
Looking at this from my own perspective, even though I am getting 200+% in DeFi pools which won't last, I have also HIVE POWER stake ticking away in the background where curation is trickling in ~15% a year. After hardfork 25, the curation percentage becomes more reliable, plus there will likely also be the ability to stake HBD as a stable-ish coin for a similar percentage return. The curation value will of course depend on the value of HIVE, but if more people are starting to look toward sustainability, this could become a very important investment pint and stream for many people.
Building up usecases on Hive for user attraction becomes important, because as I said above, building business models atop the pools is where the real sustainability and long-term value is going to come from. Essentially, Hive has always been a yield pool, it just wasn't framed as such and now that people are looking at yield and many are taking their profits and searching for safe harbor, what better place than a robust community of apps and dapps that can not only provide some stability of inflow, but can also generate a widening range of value streams to underpin and raise the floor of the token itself.
For now I will get back to renovation work, but I hope to come back later and look a little deeper at the value of incentivizing participation on Hive, through the reframing of it as a business model of many business models, owned, operated and used by the community. Til then, have a nice day.
Taraz
[ Gen1: Hive ]