Quote from: JayJuanGee on Today at 06:03:49 AM

Quote from: Biodom on October 21, 2023, 06:14:03 PM

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 (if you are buying in "cash" and 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.

I kind of like your set up Biodom - but still from where are you getting your numbers for BTC?

When I look at January 2020, I see BTC prices around $8k, so if I put $324k into BTC I get right around 40.5 BTC, and so if I look at current BTC prices, $1.215 million (which is about a 3.75x price appreciation.. .which is quite a bit more than double appreciation for BTC prices.

Ps. Even if I calculate from your numbers of 34.5 BTC (which is a BTC price of about $9,400 in January 2020), yet at the time that I type this post, that 34.5 BTC is still valued at more than $1 million which would still be more than 3x the value of $324k rather merely a doubling of value... and of course, we might not need to be so selective about the time frames that we attempt to compare, because we also likely realize that the longer time frame that we use to look back at BTC versus real estate, BTC prices are greatly outperforming real estate price appreciations... which could put any bitcoiner (hodler and/or accumulator) in a decently good position if they are trying to figure out how to save up for being able to get into a home purchase.

I don't know, i just got a price off of some log term chart, it could be either 8K or 9K.
Re about tripling vs doubling-I got doubling plus 1/3 of the price of the average house in US, not the $$ number.
It is of course, more in $$ because houses appreciated about 30% (at least).
Yes...bitcoiners did better than real estate..that was the point.