I agree with you that renting will always be a business model but most of todays income in real estate comes from asset appreciation. THAT is a shitcoin. The only reason homes appreciate in value today is because real estate has become a proxy store of value. Under a bitcoin standard, all the equity sitting in real estate to preserve purchasing power gets sucked out and values will drop dramatically and continue down over time. Cash flowing real estate is a good business, real estate investing for appreciation is a shitcoin.