Ask HN: Is changing domain every year a terrible idea?

I just had a wild idea: What if I get a domain that's specific to that year. For example: myawesomedomain2022.com

And every year, it'll change. Eg: myawesomedomain2023.com for next year. The old domain would all redirect to the newest one.

This sounds cool to me but what are the downsides? There's obviously the cost factor. And I imagine it wouldn't be the best for SEO? Are there other downsides?