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by HashBasher
1200 days ago
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This problem is well-known amongst bitcoiners. When the currency is abundant, everything becomes scarce. When the currency is scarce, everything becomes abundant. Real estate has been monetized because the money is too abundant. The marginal cost of the next dollar is near zero, which is not the case for houses. The demand that monetized real estate and other scarce assets will find a better home in Bitcoin. At that point, Alice will have no woes about house prices as it will go down to it's utility value. When housing is demonitized, it will once again make sense to rent if you put your downpayment in a hard money. |
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