Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
The other 75% have brain cells and are GMI.
That's definitely going to be the new craze. People will go bananas over metaverse properties. No joke.
It will crash and burn eventually, of course. But we'll get to see some crazy shit in the next few years.
Meanwhile, some of us are buying real property in the real world.
Or is owning real property in meatspace so 2018 now? So passé?
sure, people are interested, but increasingly not being able to afford RE.
As i was posting before: house was 3x yearly salary in the 70ies, but 10-30X yearly salary in 2022, with 30x on the coasts.
When mortgage goes to 8% (and it probably will), we might have another crisis. Either prices would have to go down or demand would plunge and people would have difficulty to move.
In some ways it is already starting as everyone has 3% or below mortgages, but when they buy a new house, it is more like 5%.