That’s what I’m dealing with rn!! I own property in the US and it’s unbelievable how they compare. I’ve been told this is the time of year that price gauging is most prevalent because foreigners come here and have Christmas money to blow and they end up bailing come March.
Discussion
its been expensive since they adopted btc. literally went from cheap to expensive in a few months. my guess is it stays that way…at least until some other paradise adopts btc or legalizes btc as currency….but probably price isn’t going down anytime soon. maybe find some non-bitcoin, non-price gougers folks…do your own scouting.
Oohhh, that makes sense. The Bitcoin infrastructure isn’t super strong yet so it seems like they’re literally riding the wave of bitcoiners = dumb & wealthy. I’ve been working with some people who aren’t necessarily bitcoiners they’ve been explaining the price uptick because they’re shocked themselves. It’s crazy how the banks/credit unions and car companies have been asking that the BTC gets converted so I can write a fiat check… which feels so wrong.
El Salvador is still a dollar economy. Cash could get the prices down. no shame is using dollars to get a better price for you and your family
I think the shame comes from knowing that Bitcoin is an asset that’s more valuable than any home I could purchase so converting it for fiat that’s depreciating feels unwise. It’s especially disheartening knowing that this country is on a Bitcoin standard and they don’t understand what’s they’re asking. It feels irresponsible spending Bitcoin on over priced real estate. Idk …