gunson on Nostr: Agreed that rental property investment is usually terrible once you factor in all the ...
Agreed that rental property investment is usually terrible once you factor in all the time and expenses.
Yet I'm skeptical of Bitcoin demonetising houses in the near term. Most people I know buy the best house they can afford at the market price. It's not an active decision to "use it as a savings vehicle". Bulk of house price dynamics are surely driven by demand by residents (who will also pay rent, and hence help maintain revenue streams for landlords), and supply in a city (driven by building regulations and land availability etc.)?
Yet I'm skeptical of Bitcoin demonetising houses in the near term. Most people I know buy the best house they can afford at the market price. It's not an active decision to "use it as a savings vehicle". Bulk of house price dynamics are surely driven by demand by residents (who will also pay rent, and hence help maintain revenue streams for landlords), and supply in a city (driven by building regulations and land availability etc.)?