Many people correctly observe that buying real estate creates jobs and provides work for individuals and companies. A part of the #construction industry essentially produces “gold” – an asset that serves as a #storeofvalue, replacing the function of #money.

But what’s the problem with this? #RealEstate is fundamentally a product created for practical use. It’s not a cheap store of value, as its maintenance is costly and requires continuous expenses. It’s like earning interest in a bank but having a management fee of 1% per year – or even more.

So why is real estate still a good #investment? Because its value doesn’t diminish with #moneyprinting. When more money is printed, the price of everything rises – including that of completed properties.

But what’s the biggest issue here? The fact that people choose real estate as a store of value simply because there’s no better alternative. If we had a real, #inflation-proof form of money, reduced demand would lead to more affordable #housing prices. The construction industry could then focus on projects that create real #socialvalue.

Do we have a better store of value? Yes. We do. #Bitcoin 😊