As Bitcoin absorbs the monetary premium that scarce assets, especially real estate have accumulated over decades of an inflationary fiat system, the attitude of "houses always appreciate in value, it's a safe bet" could be corrected to "houses are potential liabilities (maintenance, taxes, opportunity costs), I won't risk much" and changed to "#Bitcoin always appreciates in value, they're a safe bet." The psychology of the market could change dramatically. This will also profoundly change our capital markets, since real estate is the most accepted collateral for lending.
Discussion
Houses will fall to their utility value. That value however is going to still be quite high as people still need housing.
When priced in bitcoin however, prices of houses will tend to zero.
#PriceofTomorrow
Houses don't appreciate in value... that is an illusion. They appreciate in *price*. If you divide by % of M2 created since initial investment you will break that illusion.
