Dr. Fernando Morales on Nostr: If there's a demand for something, it will exist, but with a hard money you wouldn't ...
If there's a demand for something, it will exist, but with a hard money you wouldn't need to forcibly get a mortgage just to buy your first house or plot of land. There's currently an excessive use of real estate for trying to preserve purchasing power over time, which inflates housing prices, couple that with money printing and government regulation on housing projects and it all creates a massive bubble in real estate.
It's the younger people who suffer here, since they don't come into the work force earning much, they then have to compete in the housing market (and inflation) with all the older/wealthier people trying to preserve their purchasing power. Bitcoin would suck much of the premium out of real estate, since bitcoin is a better asset long term; it doesn't inflate like fiat and hopefully technological progress will continue to bring down housing costs. The only major factor negatively influencing housing prices, in my opinion, would be government.
It's the younger people who suffer here, since they don't come into the work force earning much, they then have to compete in the housing market (and inflation) with all the older/wealthier people trying to preserve their purchasing power. Bitcoin would suck much of the premium out of real estate, since bitcoin is a better asset long term; it doesn't inflate like fiat and hopefully technological progress will continue to bring down housing costs. The only major factor negatively influencing housing prices, in my opinion, would be government.