Bitcoin Goes To A Million - Suburban House Goes To Zero
I have always felt that bitcoin would go up, and house prices would go down. I just never realized how devastating the shift would be.
I was seeing the housing market going soft. I was seeing bitcoin going to one million, and then stalling our around one hundred thousand. And, so i thought to myself that getting bitcoin, would make buying a house really easy. I didn't think that at that same time, we would start to see the suburban single family house market fall off a cliff. And bitcoin become the most sought after investment ever.
I really did think that crypto would make me a home owner. I never expected that i would not want to trade my crypto bag for a suburban home.
This was years ago, and since then, no markets have seemed correct. The world hasn't seemed correct. And, did Putin just help out America/Trump?
This is all highly irregular.
However, we must deal with the world the way it is. Not the way we want it to be.
Bitcoin IS going to $1,000,000
This should be a bull market… but where's the energy, where's the excitement.
Most chartists are calling for $250,000 bitcoin. What is this? Bitcoin is only going to go 3X? Well, anyway, 3X in the worlds most liquid crypto is nothing to sneeze at. Go back to the 90s and tech stocks, and you would be lucky to have gotten that, unless you bought APPL really early.
Anyway, in all likelihood we have purchased bitcoin VERY early.
And that satoshis, things we used to call dust, will soon buy groceries for a week, even at the price that food is going to.
Bitcoin will not only buy a house, it may only take a fraction of a bitcoin.
Bitcoin will go over a million and not stop. (some time in the future)
Suburban Housing is going to $0
Long ago, in the before time, i saw that houses were overpriced. And it was only a matter of time before they corrected. But 2008 showed us that the banksters COULD reinflate a bubble and make it bigger.
This bubble is going to pop, and this time, there will be no floor to bounce off of.
The boomers are not there to start buying again. The boomer's houses will be dumped on the market instead. And, there is no one to buy them. No one with good jobs to get mortgages, even if the rates are returned to their all time lows.
And things just get worse for suburban housing. The demographics rule the markets. And they are dropping. Soon there won't be a person for each house. Add to that the "immigrants" leaving, and cities become fiery pits of "mostly peaceful" food riots. Add anything more onto that camel and its back shatters. And we haven't even brought up unCivil Wars and other population lowering things.
The smart people will be getting out of the cities onto a homestead. The people left in the cities won't be getting mortgages to buy those suburban houses. They will just squat in one of the empty houses.
And to top it all off, there might not be any banks left to give out mortgages. In all of this destruction of value, all the small banks go poof, and the medium banks follow soon after. And, those big banks may not be able to continue making currency out of thin air. And so, the price of everything drops to what someone can pay cash for.
That million dollar house, may sell for $10k, before everyone gets the message that being in a city is bad for continued existence.
Where is your crypto bag going?
If you have bitcoin, or one of the tokens from a blockchain that will be supporting the new financial system (ETH for smart contracts, Chainlink for cross chain connecting stuffs, Litecoin, Digibyte for actual, on chain, payments, bitcoin-lightning or the other bitcoin(s) for smaller local payments, then you may find yourself VERY wealthy.
I wasn't kidding about satoshis buying groceries.
You just have to get there with your bags intact.
And, one of the most important things will be a greenhouse. After the greenhouse, everything else is to support the greenhouse. In other words, you will want a homestead. And your tribe, with you, on a homestead.
So, you will want to trade some of your crypto for a place to live. And herein is the problem. The longer you hold out, the less of you bag you will need to spend. But, you really do need a greenhouse, and soon. I really do not know how long we have. I look at what the WEF is doing to farmers, and i think that next week might be too late. Then i look at the grocery store and the shelves are still stocked, and meat isn't $50/lb yet, so maybe we have years.
The thing i can say is do not buy a house thinking that it will have (or keep) monetary value. Buy a house with the idea in your mind, that it is only useful for living in. However, having a well insulated house and a greenhouse with hail shields will be of extreme importance.
If everything was going to stay the same (financial system speaking) i would recommend renting until your crypto bag is big enough to buy your dream homestead. But things are not going to stay the same. Owning your house free and clear maybe of GREAT benefit as the banksters do all kinds of wicked things with interest rates, foreclosures, and taking of home because of a missed payment. While rents may be locked to low for the landlord to afford maintenance, or will skyrocket where no one can really afford them. Owning your house free and clear will save you a lot of headaches. (and may create others)
The only advice i can give, is to give up on all the real estate advice that you have previously heard. Things are going to change so much that we can't rely on anything that happened in the past.
Such as, some cities have experienced collapses, but they usually came back. That probably is not the case this time. The cities will become ghost towns. And, if not will be flooded as the land near the ocean sinks (Not the sea rising) (or some other large calamity)
The city will collapse, as a structure. No longer will people need to be there to go to a job. All the entertainment will be gone. When almost-free-energy devices show up, living near power lines will not be necessary. You can already get internet everywhere on the planet. There is no more benefits from living in a city (as it decays) and there are lots of reasons to build a homestead where the geography provides protection, and the land is fertile.
And remember, that surviving is the most important thing. The world will be a much better place to live on the other side. With such thing as real money coming back into existence.