Turtlesallthewaydown⚡️ on Nostr: Yes you are correct partially however, you can’t live in a Bitcoin. Thus on a ...
Yes you are correct partially however, you can’t live in a Bitcoin. Thus on a Bitcoin standard you either use Bitcoin to buy a house or you continually pay out Bitcoin to pay your rent. Either way you will have to exchange Bitcoin for a roof over your head.
I honestly believe a mortgage will no longer be a viable option thus do you buy or rent becomes the only question. I see a stability value in buying as I believe many people will.
Agreed that houses will no longer serve as an investment except for scarce land value. Is residential land scarce with a declining population? Arguably not however something like ocean/river/lake frontage is still likely to be sought after.
Once Bitcoin has monetised and realestate demonetised I believe people will exchange Bitcoin for the utility value of family home vs renting.
Just like people buy a car (depreciating asset) vs using an Uber.
I honestly believe a mortgage will no longer be a viable option thus do you buy or rent becomes the only question. I see a stability value in buying as I believe many people will.
Agreed that houses will no longer serve as an investment except for scarce land value. Is residential land scarce with a declining population? Arguably not however something like ocean/river/lake frontage is still likely to be sought after.
Once Bitcoin has monetised and realestate demonetised I believe people will exchange Bitcoin for the utility value of family home vs renting.
Just like people buy a car (depreciating asset) vs using an Uber.