53 sats \ 3 replies \ @DesertDave 7 Apr freebie \ parent \ on: What Makes Housing So Expensive? Construction_and_Engineering
Because of the fiat system, people use their homes for a store of value. Once we switch to Bitcoin, our houses will go down in value like they should. With time a home degrades. It doesn't offer new value. So the price should go down. We are conditioned to think homes are investments. They shouldn't be.
Whilst I agree, as I included real estate as a collectible in #495408 …
…I’m not convinced there’s enough housing created to come online in these next 5 years to bring the broad market down.
If anything we may see less housing created these next few years due to the uncertainty of recouping the mentioned costs of construction. Still will go down vs the best SoV, but up in nominal terms.
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Good. Stop building shit. This idea that we need to expand and add jobs and build more is a idea born out of broken momey. There are so many empty houses around. It's sad. The world is so broken right now.
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Housing will always go down. Just got to stop measuring in dirty fiat.
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