This chart is a good reference for what areas of the USA have the highest monetary premium on property. Because "land" is the rare aspect of real estate (as opposed to buildings, which we can make more of) the ratio of land to other upgrades gives a sense of where the use of the land as a store of value tool is playing a large role in the price. https://image.nostr.build/6aef5f137d2c669d6137480c17f9455dfebc294cefa5a4a78ccd3d54f887fbf4.jpg
I post about residential real estate and urbanism to show how understanding how the housing market is relevant to bitcoiners. It's a not entirely bitcoin ...? Haha.
What happened to cheap mass producedhousing in 1971?
Read this article of the history of the failure of the levittown mass production housing company.
https://www.construction-physics.com/p/why-levittown-didnt-revolutionize
Note this startling series of statements which bitcoiners will understand immediately:
" .....Levitt’s fourth Levittown was stopped in its tracks in 1971 when Loudoun County, Virginia refused the rezoning required, ......
....Not only did land use controls and development restrictions slow down and prevent new home construction, but they drove up the price of land, and thus the cost of all other homes. A 1968 report from the National Commission on Urban Problems noted that “the net effect of public land use policy is to reduce the supply of land available for modest cost housing and thus to increase its cost.”
Yes, in 1971 20 years of cheap mass produced housing came to halt due to the sudden appearance of supposed "environmental" foces implementing new land use laws and procedures known to drive up housing costs.
Read more about the rise and fall of levvittown at ConstructionPhysics
https://www.construction-physics.com/p/why-levittown-didnt-revolutionize
Housing inventories are rising however with few ways to finance them affordably-not a good time to be in building/real estate industry. even if land owners can perhaps expectsideways action generally it's net bad news.
It's been surprising to watch across the spectrum who is and is not willing to make a switch. The crowd that has moved to different places is pretty consistent tho.
The network effect is strong.
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Leon Wankum makes the case that the real estate market it being demonetized as a store of value by bitcoin- and makes the case for adding bitcoin to the balence sheet if real estate development companies. Great listen!
https://m.youtube.com/watch?v=3Vs5_EMBfgA
What fiat does to the cost of housing.
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Enjoyed presenting on the book
"Check Your Financial Privilege" by Alex Gladstein this week.
chapters 3 ad 4 on the
Birth of the Petrodollar
and
Bitcoin Trojan Horse.
@gladstein
Going to do my long form writing on bitcoin on this account so the posts don't cross awkwardly.
Looking forward to sharing my experiences in real-estate, bitcoinYimbyism, book reviews, podcast breakdowns, presentations,etc.
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