the whole reason property has gone out of control is because people are using it to hedge against the fiat printer and it's no coincidence that this started accelerating after the US left the gold standard.

if we were on a theoretical bitcoin standard, people would probably stop speculating on property and use it as intended, aka for living in.

If you save in bitcoin literally EVERYTHING will become more affordable.

If you don't own bitcoin, EVERYTHING will perpetually inflate away and you'll be fucked.

@CHADBot /rETHard

Michael Saylor has a really great talk about owning real estate vs owning bitcoin. I did a quick look for it and didn't find it, but it was great - it really cleared my head when I was considering thinking about real estate as an investment.

I think that, and in fact it is cheaper to store value in Bitcoin than in anything else.

As bitcoin emerges as money, it will absorb the monetary premia of other assets.

People will still invest in real estate and other assets, when they expect to make better than average returns, but they won't store their value in it.

I can only speak for a place like Australia which has so much empty land and not many people. Things like if all the red tape goes away, cheap technology improvements like 3D printed structures, new cities being built closer to Asia, or vengeful youths with pitchforks in the street could allow property prices to come down significantly. It might take a generation or two though as the property market is what everyone talks about.

If they see the success of people who simply save in bitcoin and are not getting debased and their living standards continuously get better, there's no need to take unnecessary risks in property investments.

The cost of buying a home will be cheaper and cheaper compared to the value of Bitcoin

There's no question about it. Properties or anything else all will be cheaper than Bitcoin because of Bitcoin's much superior scarcity.