Replying to Avatar 🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹

Bigly scary

But probably nothing.
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BTC_P2P 1y ago

House prices are going a lot higher and there will be no crash.

Look at house prices in Argentina in nominal terms - the average home there is 443,789,086 ars.

When money fails real estate is monetized to match the losses in purchasing power cause by inflation.

Houses are not cheap in Argentina vs the US. They cost a similar amount in purchasing power terms, it’s just the amount of currency units it takes to buy them is much greater in the country experiencing advanced stage hyperinflation. This will play out all over the world and real estate will continue to be monetized to record nominal prices, at least for the next decade (minimum).

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🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 1y ago

I disagree.

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BTC_P2P 1y ago

Lazy response. Reality will prove you wrong.

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Des Imoto マキシ 1y ago

Could be that people start figuring out that #Bitcoin is a much more efficient store of value. Then the whole real estate thing will come tumbling down. It’s already cracking in China and on the commercial real estate side elsewhere.

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BTC_P2P 1y ago

CRE ≠ residential real estate.

I think the timeline for the masses figuring out Bitcoin to a level where they buy Bitcoin instead of real estate is > 10 years and even then many will still store value in real estate. Real estate will always command some monetary premium even if it’s reduced by 50% in the coming decades by Bitcoin. RE is not a good store of value and I’m not advocating for it but thinking 100% of the world will ever understand Bitcoin like we do is naive imo. There are so many stupid / ignorant people (of all income levels) and this fact won’t change.