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Once investors figure out that Bitcoin is the superior investment property after you already have a primary residence the excess speculation will get sucked out
by mlcrypto 5y ago
Once investors figure out that Bitcoin is the superior investment property after you already have a primary residence the excess speculation will get sucked out of real estate. This may be in the 2024 halving cycle. I say Bitcoin is superior because it's more portable, more fungible, no property tax, and the work of managing the properties doesn't scale linearly with the amount you own. Don't need to worry about bad tenants, government regulation preventing rent collection, wear & tear, list goes on.
- paulryanrogers 5y agoBitcoin is burning the world to move some numbers around. People need housing. Though I'm not convinced either should be an investment vehicle.
- theaeolist 5y agoYou also don't have to worry about owning anything that is, you know, useful in any way.
- rafaelero 5y agoExactly. Hopefully, Bitcoin will soak the monetary premium from real estate and correct this mess.
- neilparikh 5y agoBitcoin isn't going make the law of rent incorrect.