To some degree yes. That is why housing has already held up stronger than many would have predicted in this tightening cycle.
Cash looking for refuge from killer bond and stock market.
Eventually the "wealth-tax" crowd will hunt them down. Then the smarter ones discover bitcoin.
The dynamics in real estate are very weird right now, at least the way I’m understanding it. Increased rates could pummel commercial maturity but for traditional finance it seems like a better haven for cash than the alternatives… very very weird.
As Jimmy Song aptly put it, thank God for Bitcoin.
