Replying to Avatar Pablo Xannybar

Increasing house prices do not increase the real wealth of anyone buying one as a home, only corporations buying them as assets.

For everyone else they're only richer on paper and have to pay higher taxes, then their children are paying way more to own a home.

P.S. Look at change in house prices since 2008, don't even have to go back to 1971.
Avatar
BigFish 2y ago

Real estate has become a store of value over the past decades which resulted in a huge monetary premium above its actual use value.

This makes it harder and harder for people to buy houses to live in (e.g. young families).

It distorts the perception of real estate because of the lack of sound money to save in.

Bitcoin can provide the solution to both: being a much better store of value/wealth, subsequently demonetising real estate and as a result leading to affordable housing again.

#plebchain

Reply to this note

Please Login to reply.

Discussion

Avatar
Pablo Xannybar 2y ago

Absolutely. With sound money, banks can't just print money and create real estate bubbles, which in turn makes real estate a far less attractive investment asset.