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Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 21/10/2023, 18:14:03 UTC
⭐ Merited by Richy_T (1)
Dollar buys half of RE in comparison with 2020:

https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801

That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).

Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.