Don’t worry, youths, you may not be able to afford a home like every generation before you, but we’ll let you bet on home prices!
https://www.realtor.com/news/trends/polymarket-home-prices-parcl-prediction-market
Discussion
Predition markets are the worst thing that ever happened to investing.
Found the plot of The Big Short 2
Don't make the movie yet. Wait a couple of years for the collapse to be obvious.
50 year mortgages + 40 year old average first time home buyer = central banking irredeemably shattered the social contract
Sam Hyde pointed this trend for me. You can buy all sorts of entertainment but you can never afford things that matter.
I’m generally skeptical of the prediction market philosophy, but there is a gap in real-time housing data. Using these markets to replace lagging indicators like Case-Shiller with daily price discovery could be beneficial to the housing market, but the betting aspect is problematic.
They could use the Ark7 app to buy shares of rental properties. Or even better just stack sats.
Peek Fiat 🤡
Fiat end stage