Oddbean new post about login | logout This conversation with Amy Nixon goes over the housing and rental market and why #Bitcoin is the property you want to own going forward! Amazing feedback so far, thank you all! https://youtu.be/SS0uoUL7reM?si=BiP7ibXi8FdHgR39
Great conversation, I especially liked Amy’s “The Picture of Dorian Gray” analogy. https://image.nostr.build/7a0417c6f1ea64f2d3f24d67c73e9a4f3beafd78f5b732f0e19542c2b19f0291.jpg
Great show, housing market is ready for another correction, but that banks can’t afford one!
The real estate market is tied to the bond/mortgage market. And as rates rise and bonds crash, real estate prices come down. When servicing the mortgages become unaffordable, buyers dry up and your property loses value even if you've fully paid off your house. The only time to profit from real estate is in the debt expansion cycle. The debt contraction phase kills property value. The last bond bull market lasted nearly 40 years, this contraction could last decades and this time the fiat currency will also collapse.
I listened to this conversation on a long bus ride and thought Amy made some valuable points. Increasingly, I think we’ll see experts who specialize in real estate, gold, bonds, etc. have insightful things to say about Bitcoin. Not so long ago, none of them had a clue and they’d consistently talk about blockchain or shitcoins if asked about Bitcoin.
