Joker on Nostr: Some Bitcoiners Are Using Gains To Buy Houses And Cars More households are using ...
Some Bitcoiners Are Using Gains To Buy Houses And Cars
More households are using gains made from Bitcoin investing to take out mortgages and buy cars.
“Bitcoin sales are allowing access to larger mortgages through bigger down payments,” researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao wrote in a Nov. 26 report for the Treasury’s Office of Financial Research.
“The increase in borrowing is especially striking among households in high Bitcoin exposure areas,” they added.
The report said the percentage of households with mortgages in high Bitcoin-exposed areas increased by over 250%, and the average mortgage balance rose by 150% from around $172,000 in 2020 to roughly $443,000 in 2024.
“Zip codes with the highest Bitcoin exposure saw the largest increase in mortgage and auto loan originations and balances over subsequent years.”
The study used tax data to determine which areas had higher exposure to Bitcoin assets, classifying a “high-Bitcoin” zip code as one with more than 6% of households reporting a Bitcoin tax event.
Related:
* Coinbase Now Supports Buying Bitcoin With Apple Pay
* Ultimate Resource On Bitcoin-Friendly Travel Companies That Allow You To Earn Bitcoin Rewards
* Ultimate Resource For Bitcoin Debit (Cashback) Cards of 2025 (#GotBitcoin)
* Leon Wankum — Bitcoin And Real Estate (BTC Prague 2024 Keynote)
Remainder Of The Article: Real Estate Brokerages And Retailers Worldwide Now Accepting Bitcoin: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/real-estate-brokerages-and-retailers-worldwide-now-accepting-bitcoin-gotbitcoin/
More households are using gains made from Bitcoin investing to take out mortgages and buy cars.
“Bitcoin sales are allowing access to larger mortgages through bigger down payments,” researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao wrote in a Nov. 26 report for the Treasury’s Office of Financial Research.
“The increase in borrowing is especially striking among households in high Bitcoin exposure areas,” they added.
The report said the percentage of households with mortgages in high Bitcoin-exposed areas increased by over 250%, and the average mortgage balance rose by 150% from around $172,000 in 2020 to roughly $443,000 in 2024.
“Zip codes with the highest Bitcoin exposure saw the largest increase in mortgage and auto loan originations and balances over subsequent years.”
The study used tax data to determine which areas had higher exposure to Bitcoin assets, classifying a “high-Bitcoin” zip code as one with more than 6% of households reporting a Bitcoin tax event.
Related:
* Coinbase Now Supports Buying Bitcoin With Apple Pay
* Ultimate Resource On Bitcoin-Friendly Travel Companies That Allow You To Earn Bitcoin Rewards
* Ultimate Resource For Bitcoin Debit (Cashback) Cards of 2025 (#GotBitcoin)
* Leon Wankum — Bitcoin And Real Estate (BTC Prague 2024 Keynote)
Remainder Of The Article: Real Estate Brokerages And Retailers Worldwide Now Accepting Bitcoin: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/real-estate-brokerages-and-retailers-worldwide-now-accepting-bitcoin-gotbitcoin/