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Homesteader Conversations: Feeding Your Family And Building A Bitcoin Community In Southern Portugal

A homesteader in Portugal shares her experiences running a farm, feeding her family and supporting a Bitcoin community through workshops.

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A homesteader in Portugal shares her experiences running a farm, feeding her family and supporting a Bitcoin community through workshops.

In the conversation for this article, Julia joined me from her home in Southern Portugal to chat about her homestead, local community and Bitcoin. I found many parallels between how Julia talks about Bitcoin and homesteading with what I have heard from many homesteaders and farmers in the U.S. during my trip across the country this summer. The work to understand and work on Bitcoin or a farm demand high upfront investment and very low time preference.

In my conversation with Julia, we touched on her backstory as a German who moved her life to Portugal, the growth of the Bitcoin meetup in her local community and what it takes to operate a homestead that feeds her family.

Julia’s Backstory

Sidd: Let’s start with a bit of your backstory. Tell me about how you ended up in Portugal. Why did you move there and why did you stay?

Julia: I'm originally from Germany, and coming to Portugal was really just a part of something that happens to you when you're in your late teens or early 20s. I first set foot on Portuguese terrain when I was 19 — I wanted to travel, so I looked around for some jobs. I found an opportunity to work in Portugal for three months, and I thought I would travel on to some other country after. But then, as life happens, I got offered a full-time job and I thought, “Yes, I'm going to resettle here in Portugal.”

A view from the land in Portugal which Julia eventually settled on. All images included in this article are courtesy of Julia.

Since then, my parents moved over together with my brothers shortly after me. I’ve been back to Germany a few times to visit some family, but my close family is here. The last time I went to Germany was maybe 15 years ago! I don't go back regularly.

Local Community And Meetups

Sidd: Tell me about the community that you've built there. When I chatted with your friend earlier, she mentioned a local market that began in 2020.

Julia: Our community has always been on the alternative side of things, but it was really COVID-19 that kicked this community and networking thing into gear. That's when everybody thought, “It's now or never to build a strong local community and economy.” And that's when the alternative markets started happening. People were looking for their tribe, because it became so apparent that there is a tribe: you're either on this side, or you're on the other side. In a way, COVID-19 has been a real blessing for community building here because it helped us grow into a very strong, little, tight-knit community.

Sidd: Tell me about the alternative market. What’s sold there? Who is selling and who is buying?

Julia: The market group currently counts over 1,000 members, and is based on private land with expected attendance of several hundred people from the Algarve. The Algarve region in South Portugal spans only 200 kilometers by 50 (kilometers) or so, and comprises the wider community who goes to the market. The local community who are producing and selling most of the goods at the market are within about a half hour drive of the market. 

Setting up at the market!

Most of what is sold at the market are handicrafts, jewelry, homemade products, soaps, cosmetics, natural healing tinctures and so on, with some foods. All homemade items. It’s on private land so fewer regulations apply to what’s sold.

Sidd: How many Bitcoiners are there in the community? Is there a Bitcoin meetup?

Julia: I started to understand Bitcoin only at the beginning of last year. Since then, we’ve had this one individual in the community — I’ll call him Rick — who started educating people on Bitcoin. His girlfriend is also very much into creating networks and running events, so she hosts regular meetups. Before these events started, I didn't know anybody who was into Bitcoin. Now, I see Bitcoiners everywhere because I’m in the group. The same thing happened to me with homeschooling. Before I started homeschooling, I never knew there was a homeschooling community. The moment I started doing it myself, suddenly, it’s everywhere.

Portugal in general is a great magnet for Bitcoiners as well because the government brings a very relaxed approach to it. At the moment, you don’t have to pay capital gains tax. The government is discussing a possible capital gains tax, but for now it would only apply if you sell less than 12 months after purchasing.

Julia’s Interest In Bitcoin

Sidd: So, tell me about your interest in Bitcoin. Where did it come from?

Julia: I had been hearing about Bitcoin for years, but it wasn't until a video (which I can’t remember now!) triggered a particular interest that I really started investigating. It was really Rick who helped answer all my questions and foster my interest. Before I had someone to sit down with and ask my questions to, it was all very dodgy. Meeting Rick was my entrance to the Bitcoin rabbit hole.

I had questions about the energy use, and how bitcoins resist being copied with a click. I also sat down with Rick to talk about what decentralization actually means, and why it matters. When the philosophical stuff kicked in — like what does all of this mean for humanity — I really got hooked. I could see something so different for the future of humanity in this.

Sidd: Let’s go back to homesteading. What parallels, if any, do you see between homesteading and Bitcoin?

Julia: The ups and down. You have to just flow with the ups and downs, you will have good days and successful times and then it will go downhill again. You have to swallow that as well. It's like when you lose your whole flock of chickens in one night to a predator, that's that. You could then decide to give up and sell, or you just keep going. And I think also, speaking to the aspect of community, Bitcoin-only people are generally a very nice bunch. The same goes for farmers. They're very down-to-earth people, which I like.

A view from Julia’s land.

There’s also a long-term approach to success shared between those two communities. You can't just create a successful farm in half a year. It's almost generational. It takes years until the soil responds and improves. Years of diligent day-to-day work, I would say. No quick-fix solutions.

Overview Of The Homestead

Sidd: Tell me about your homestead. What are you producing?

Julia: It's a small homestead, probably a couple of acres. It's really a family home. I bought it as a ruin in 2000, so we’ve been here over 20 years. At first I started by planting a few trees, and had my first successes and failures. Planting trees sounds easy, but with the hot and dry Portuguese summers, it’s not.

I was immediately confronted with the realities of nature. However, I persevered as I've always been interested in the relationship between health and food. That inevitably brings you to growing your own food, because nothing else you can buy out there is high quality enough to keep you healthy. 

Beautiful sundried tomatoes from the garden. 

It really kicked into gear when I had children. My daughter is almost 10 years old now, so about 10 years ago I got serious: I want my own eggs and my own milk. And that's when I really started more and more homesteading and animal keeping. I’m very focused on animal production, without a lot of vegetable growing. The aim is to supply the family. And finally, after so many years, we’re there. We actually have a constant supply of raw milk and eggs. We also have some fruit trees, but I'm focusing on my chickens and my goats. We recently started with pigs who are great prolific providers. Having a freezer full of your own meat is also a very good feeling.

Sidd: Are you at a point now where you’re overproducing and selling or having to store all this food?

Julia: I can sell some excess now. In springtime during the high season for eggs, I’m very happy to sell eggs as well as a few liters of milk. We are turning the idea of the homestead into an educational one: we're running workshops on homesteading once or twice a month, depending on the season as well. 

Julia puts an educational spin on homesteading by running regular workshops to help the local community sharpen their skills. 

For example, we did one in September on vegetable fermentation to preserve vegetables from the fall harvest over the winter. We are now integrating Bitcoin education into those workshops as well. We have a bit of a farm shop too, which is just a big shelf in the kitchen where people can buy seeds, the beef jerky I make and other products.

Labor, Scaling And Costs

Sidd: What labor is involved now in operating your homestead, and how does that change across the seasons?

Julia: I do it alone, and it’s well organized. If you've got your infrastructure nicely set into place, then it's quite easy. However, you're still there twice a day every day for feeding and for moving goats around in the pen. We practice a regenerative, holistic approach so we never keep the animals in one place. Sometimes, I need some help moving big structures, so I will ask somebody in the community to help. I'm usually out for at least an hour in the morning, and then another hour in the evening, just for the daily basics.

Seasonal works do exist. In the winter it’s wet, and there’s more to do in terms of fixing shelters and fences. The summer is our dormant season here; it’s too hot to do any extra work. Summers are about getting feed, water and shelter for the animals.

Sidd: How did you scale up your homestead? What did you start with and what did you add as you went on?

Julia: I started with chickens, then pretty quickly expanded the number of chickens and started with goats. As just one person, there is not all that much scaling you can do. What you can do is stack: integrate one thing with another. I couldn't just suddenly run 20 goats, but I could integrate the goats with the pigs because that's not all that much more. That adds just a little bit to my daily chores. My husband still goes to work and I am homeschooling the kids, so I need to keep the labor on the homestead under control. 

One of Julia’s hardy goats. 

I'm now at a point where I can supply the family with milk and eggs to what we need and have that little bit of extra which pays for the animals’ feed, and that's kind of a sweet spot to be in. I don't see myself growing a lot at the moment. I might be able to buy another piece of land in the future and restructure some stuff. Possibly get a dairy cow instead of the goats, and maybe a beef cow instead of the pigs. We'll see.

Sidd: Speaking of the feed, what costs are involved with the homestead that you're running?

Julia: The cost of feed here over the course of the last 12 months has almost doubled. I do have to buy grain for the animals, even though they are out on pasture and occasionally getting kitchen leftovers. Other than that, we're very lightweight on costs. Structures like small shelters are often self-made with whatever I can find. The only other significant cost is in electric fencing. I have very low vet costs because I keep my animals very clean and healthy. I don't do the whole deworming and all that because I believe a healthy animal doesn't have worms. In that way, we're quite low on costs. 

Mistakes And Advice

Sidd: What major mistakes have you made on your homesteading journey?

Julia: I think I wasted a lot of energy before I got to a true understanding of the land. That true understanding of the land came in 2015 when I did an extensive permaculture course online from Geoff Lawton. His course just put everything into place. Suddenly I knew how to harvest my water and where to put trees so they actually survive. I would recommend anyone starting a homestead to do one of those comprehensive training courses with a good teacher like Geoff or Allan Savory. Allan gave me a great understanding of how animals work in harmony with the ground and vegetation on the land.

Sidd: Knowing what you know now, where would you have started with homesteading? Would you have done it the same way that you did it or would you have started differently?

Julia: I think I took a fairly straightforward approach. There will always be a learning curve with mistakes and losses. I think for somebody just starting out, it's smart to begin with small animals. You can't run a cattle ranch with 100 heads overnight; you really have to grow into it in order to integrate your land and animals effectively. You have to be connected to your land and to your animals and the environment. You need to start small and feel your way.

Don't try to integrate too many species. It's all very romantic — them hopping around in the same pen — but in reality, it usually doesn’t work. They will either kill each other or eat each other's food. We've made all those mistakes. I thought I could just put some ducks with the chickens, but the ducks killed my chicks. Those are things you don’t know until you try and see for yourself.

Definitely read books, but really see if what you read in those books makes sense for you. People can get so lost wanting to grow their own food and be self-sustainable, yet having no idea what it takes. Growing your own vegetables is tough! They are so sensitive, they will die on you with any number of tiny mistakes and everything wants to eat them. So make sure you keep enough money in your back pocket to support you, and don't count on your food production.

Sidd: Thanks for joining me today and sharing all your knowledge and experiences gained through your homestead. How can people find you?

Julia: They can check out the Facebook page for our homestead, Terra Robinia, where we share some tips and event details for our workshops.

Sidd: Thank you Julia!

This is a guest post by Captain Sidd. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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Aging at AACR Annual Meeting 2024

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging…

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BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Credit: Impact Journals

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”

Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Aging team.

About Aging-US:

Aging publishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.

Aging is indexed and archived by PubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed CentralWeb of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).

Please visit our website at www.Aging-US.com​​ and connect with us:

  • Aging X
  • Aging Facebook
  • Aging Instagram
  • Aging YouTube
  • Aging LinkedIn
  • Aging SoundCloud
  • Aging Pinterest
  • Aging Reddit

Click here to subscribe to Aging publication updates.

For media inquiries, please contact media@impactjournals.com.


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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked…

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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked by the NY Fed Consumer Survey extended their late 2023 slide, with 3Y inflation expectations in January sliding to a record low 2.4% (from 2.6% in December), even as 1 and 5Y inflation forecasts remained flat, moments ago the NY Fed reported that in February there was a sharp rebound in longer-term inflation expectations, rising to 2.7% from 2.4% at the three-year ahead horizon, and jumping to 2.9% from 2.5% at the five-year ahead horizon, while the 1Y inflation outlook was flat for the 3rd month in a row, stuck at 3.0%. 

The increases in both the three-year ahead and five-year ahead measures were most pronounced for respondents with at most high school degrees (in other words, the "really smart folks" are expecting deflation soon). The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all horizons, while the median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one- and three-year ahead horizons and remained unchanged at the five-year ahead horizon.

Going down the survey, we find that the median year-ahead expected price changes increased by 0.1 percentage point to 4.3% for gas; decreased by 1.8 percentage points to 6.8% for the cost of medical care (its lowest reading since September 2020); decreased by 0.1 percentage point to 5.8% for the cost of a college education; and surprisingly decreased by 0.3 percentage point for rent to 6.1% (its lowest reading since December 2020), and remained flat for food at 4.9%.

We find the rent expectations surprising because it is happening just asking rents are rising across the country.

At the same time as consumers erroneously saw sharply lower rents, median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.

Turning to the labor market, the survey found that the average perceived likelihood of voluntary and involuntary job separations increased, while the perceived likelihood of finding a job (in the event of a job loss) declined. "The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%."

Mean unemployment expectations - or the mean probability that the U.S. unemployment rate will be higher one year from now - decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022. Additionally, the median one-year-ahead expected earnings growth was unchanged at 2.8%, remaining slightly below its 12-month trailing average of 2.9%.

Turning to household finance, we find the following:

  • The median expected growth in household income remained unchanged at 3.1%. The series has been moving within a narrow range of 2.9% to 3.3% since January 2023, and remains above the February 2020 pre-pandemic level of 2.7%.
  • Median household spending growth expectations increased by 0.2 percentage point to 5.2%. The increase was driven by respondents with a high school degree or less.
  • Median year-ahead expected growth in government debt increased to 9.3% from 8.9%.
  • The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 0.6 percentage point to 26.1%, remaining below its 12-month trailing average of 30%.
  • Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago. Year-ahead expectations also deteriorated marginally with a smaller share of respondents expecting to be better off and a slightly larger share of respondents expecting to be worse off a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.4 percentage point to 38.9%.
  • At the same time, perceptions and expectations about credit access turned less optimistic: "Perceptions of credit access compared to a year ago deteriorated with a larger share of respondents reporting tighter conditions and a smaller share reporting looser conditions compared to a year ago."

Also, a smaller percentage of consumers, 11.45% vs 12.14% in prior month, expect to not be able to make minimum debt payment over the next three months

Last, and perhaps most humorous, is the now traditional cognitive dissonance one observes with these polls, because at a time when long-term inflation expectations jumped, which clearly suggests that financial conditions will need to be tightened, the number of respondents expecting higher stock prices one year from today jumped to the highest since November 2021... which incidentally is just when the market topped out during the last cycle before suffering a painful bear market.

Tyler Durden Mon, 03/11/2024 - 12:40

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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