Seeking insights from #Bitcoin friends:
In Australia, just an average residential property is now priced at 10x the median household income. We're facing a rental crisis due to a significant housing shortage and a surge in immigration.
For many families, renting isn't a viable option, and those who own homes often take on substantial debt, viewing their property as a wealth-creating asset. The strategy? Stay long-term or continually renovate and flip.
But here's my question: When does this party end?
Given the impressive returns on Bitcoin and devaluation of AUD, how could one make a smarter bet in today's environment? I'm keen to hear your thoughts on where Bitcoin fits into this equation.
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This version should be clear, engaging, and poised to encourage thoughtful responses from those with experience in Bitcoin and real estate.