Coin Stories with Natalie Brunell News Block: Will Record-High Home Prices Fall? Bitcoin Wins Billionaire Michael Dell's Poll, Barstool Sports to Buy Bitcoin, Peter Thiel Says BlackRock Co-opted Bitcoin
Jul 4, 2024
Billionaire Michael Dell supports Bitcoin, while Peter Thiel suggests BlackRock controls it. Topics include housing market trends, Bitcoin as a hedge, corporate investments in Bitcoin, and Thiel's skepticism towards the cryptocurrency.
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Spending Fuels Housing Inflation
- Government fiscal spending and rising deficits amplify inflationary pressures that push asset prices higher.
- Housing affordability has plunged as home costs outpace wages after expansive money printing and rate shifts.
Fiat Debasement Drives Real Estate Demand
- Home prices rose roughly 30% in four years while mortgage rates tripled, crushing affordability.
- Savers shifted into real estate as fiat lost purchasing power, inflating housing beyond utility.
Low Turnover Keeps Prices Elevated
- Low turnover from pandemic-era low mortgages reduced supply and kept prices elevated despite high rates.
- New-home inventory is rising to levels last seen before 2008, but today's reasons differ from past recessions.