Listened to this last night. Deflation is very interesting, but I keep trying to wrap my head around how it would affect real estate... it would probably greatly disincentivize many strategies and activities we do now in the fiat world.
Discussion
Yes and that would be appropriate. Real estate is no different than a car on a longer time scale, in that it needs upkeep and work to maintain it's value. The reason real estate is an investment currently is not because of the building but the land beneath it which is an incredibly scarce resource.
Productive land will always be a sound investment. I think about the McMansion boom in my own city... mainly empty nest boomers with 4,000 Sq. Ft. homes, totally idiotic. I wonder if housing design changes from large square footage stick-frame housing to smaller more generationally minded brick/stone or timber housing... or bitcoiners sell all their chairs, become minimalist nomads, and mine BTC from remote waterfalls in the mountains
I'm currently trying to build a post frame house. Steel sides and roof, half the word, better insulated. Large open space with no load bearing walls. You can find good ways to build big houses if you research.