Replying to Avatar Wealth Theory

Real estate prices in Ontario are holding up quite well considering high rates. Demand is actually fairly robust.

It will be interesting to see if this continues, as prices have skyrocketed in the last decade and many have called for a crash due to higher mortgage rates.

Debasement kills the working class and in the absence of a dollar that holds its value over time, assets are monetized beyond their utility value. This creates a wealth gap between asset owners and labourers working paycheque to paycheque.

If real estate prices hold or turn up it would be a very strong signal that Bitcoin adoption will accelerate amongst those who’ve feel left behind.

🟣🟠🏡

Thoughts?
Avatar
Mallard Beakman 2y ago

I don't know about Ontario, but for my area it's hard for me to imagine no significant correction occurring given unaffordability indices exceeding their 2006 peak.

Adjusting to rate increases takes time. The pig is still working its way through the python.

Reply to this note

Please Login to reply.

Discussion

Avatar
Wealth Theory 2y ago

I agree. That would be my assumption as well. If there isn’t a correction it’s huge validation for Bitcoin vs the dollar as money.