I’m really interested to see what housing prices do over the next 5-10 years. Particularly as housing is unaffordable for so many people.
According to Jeff, Bitcoin is repricing everything.
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I got really interested in this and @elvismercury showed me a simulator that someone developed to see what happens in various scenarios.
I wrote about it here: #474759.
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In fiat yeah it can go up for much longer than we can imagine, while we can only leverage our future wages so far, and theres only so many people who will get access to increasingly higher leverage, big investors can keep buying up supply
There's always some creative way of extending the runway, 100 year mortgages, group buying mortgages bla bla bla
In Bitcoin sure but will people want to trade their bitcoin and pay the taxes for a home and deal with real estates taxes and lose out on opportunity cost of bitcoin, or will we just see lending services and borrow against your BTC at x rate for real estate
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That's very unlikely. It's a multi decade investment, not something you grab off the shelf.
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It is insane to think that homes where I'm at are an average of $650K for a 3 bed 2 bathroom. Cookie cutter.
Makes me want to get up and leave my state/country. I will stay as I know in the future these prices will come back to a sensible level. But wow!!!
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