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Seconded. Currency debasement plays an instrumental role in real estate speculation. If investors could just count on their cash to retain and increase in value
by atweiden 5y ago
Seconded. Currency debasement plays an instrumental role in real estate speculation. If investors could just count on their cash to retain and increase in value over time, their insatiable appetite to own real estate as an inflation-resistant asset would relent.
Fix the money, and fix the housing affordability crisis. Slash the demand to buy housing as an investment.
- randomhodler84 5y agoEventually, a house will be a fraction of a Bitcoin. How do I know this? There are many more than 21 million houses on Earth.
- chii 5y agoyou'd sooner see houses sell for bullets and guns than for bitcoins imho.
- imtringued 5y agoIf you make money more expensive nominal house prices might drop but you also made it harder to acquire money in the first place. Ultimately the only difference is that more money goes to the banks instead of the land owner. It doesn't create more land or housing. The supply and demand mismatch hasn't been solved.
- atweiden 5y ago> If you make money more expensive nominal house prices might drop but you also made it harder to acquire money in the first place. In a deflationary environment, as housing/rent prices drop, savers are rewarded. Renting doesn’t entail taking out a mortgage. > It doesn't create more land or housing. Nor does building more housing in an inflationary environment necessarily satiate investor demand for inflation-resistant assets in the form of residential property.