I bought a house in Southern California a couple years ago, but escrow was held up for three months because of a squatter.

The main problem is that the money is broken.

Real estate is used as a store of value and source of revenue. People rent out rooms or use AirBnB as an investment.

The average price of a home in California is just over 11 bitcoin, but most people earning $25-$40 per hour with no assets to their name, can't afford a down payment of 1 bitcoin. My wife is a principal and could not qualify for a mortgage on her income alone. A decade ago, teacher's could qualify for a mortgage with 3 or 4 months salary. Now you'll need at least a year's salary and a second job.

And let's be honest, most people, if they save anything, save dollars.

This caused a severe housing shortage.

A significant percentage of working people can't afford a roof over there head.

The squaters are a Mandibles style situation. There are laws against squatting, but they take a long time and eviction can be expensive, but losing 6 months of rent is also expensive. I'm a bleeding heart libertarian, and the housing crisis bums me out. I feel bad for both the homeless and the homeowners. They're both victims of the fiat ponzi.