Housing market insanity - Bitcoin to follow?

In Canada the housing market has hit peak insanity, even far way from the "desirable" cities of Toronto and Vancouver it is becoming impossible to own a home in Canada. Crappy little shitboxes in cities like Peterborough and Sudbury are going over 600-700k, when a few years ago they were 300-400k. Hamilton, ON has seen a 33% house price increase in a year, and 138% in 10 years. Many places are going several hundred over asking with insane bidding wars. The low build rate, and population surge (400k+ immigrants per year) will make this even worse. Many are treating housing as their anti inflation hedge and their sole investment/retirement plan. However, there are significant barriers and upkeep costs to owning a home. Bitcoin is the new low cost, no barrier entry and produces similar (or better) yields

Submitted December 22, 2021 at 05:28AM by dupleVe https://ift.tt/3phpCeu