Deregulation is inconsequential at this point and real estate values have correlation with foreign exchange rates. Supply in RE alludes to the property you want to purchase or sell. As a result, currency is in demand because of EMH in due to supply/demand. RE is simply one of the assets tied to availability of real loanable funds. Availability of real loanable funds. Fx rate. Cost of goods. The reason real estate prices are declining is because there is a decline in availability of real loanable funds. A decline in loanable funds is a result of foreign exchange rate decrease. The market is responding to an inevitable future FX decline.
Don't know what make you think that real estate is declining but I will give you an article which can help you understand the situation on real estate here read this
https://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp And for me real estate still a safe investment where we can safely spend our money on, just make sure you go with license broker before buying a house or property.
Just like on similar topics on comparing Bitcoin/Crypto to Gold and this one on real estate and if we do really make our research and do make out comparison then we can really see or tell the difference.
Security? Long term aspect? These traditional ones will be much preferable but somehow you cant really expect when it comes to the level of profitability which is way more less compared to possible
crypto games but we know that it would really correlate or equaled on the risk involved.So its a matter of choice if someone do like to play safe or would like to gamble out.