Using Bitcoin as collateral to buy a house is not a fix for the housing affordability problem, it’ll only make it worse and make you more vulnerable to The Great Taking.
The fix:
- Force the Fed to sell its ~$2T in MBS that it bought with printed aka stolen money.
- Remove government implicit/explicit guarantees for ~$10T in MBS held by Fannie, Freddie, and Ginnie.
Elected officials have the power to remove these distortions to the free market.
The housing bubble needs to collapse. Thats what happens in normal markets
Only after I sell my house for big money
There's also another fix:
Adverse possession
Since it is unlikely to happen, a good option is to scrape together a down payment, get a long duration mortgage, dont do extra payments and save in btc. Most likely, you will win on the interest differential. Worst case, you sell your btc to pay off your mortgage or sell your house.
This is what I do, but was late to the game. This also gives protection against The Great Taking, which I believe is way more likely than losing money on btc.
