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

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more