Buying a House For Crypto This Christmas
If this alt-coin bull run plays out like previous 4 year cycles, we will see some hefty gains in many alt coins close to December.
And, the crashing housing market will probably be recognized for what it is by December too.
So, if you want to buy a house, December might be your month.
Cryptos will be way up, and housing will probably be noticeably down.
However, the big thing may be that investors trying to get rid of their real estate will be looking to accept crypto.
Is this the crypto bull run?
We really thought we were in the bull run when bitcoin went to $100k, but it just traded in a channel for so long that most people gave up. Was that just because of the ETFs? Could have been.
But, now we are seeing big interest in Ethereum. This is what usually leads the coming alt-coin season. But, is this just the ETFs too?
Fortunately, we are seeing rumblings in alt-coin prices. So, this really looks like alt-season. And chart analysts are looking at 10x's all over the place. It is going to be big!
House prices are falling
There are many areas that are showing inventory levels are up at pre-pandemic levels. And zillow is showing a bunch of price cutting is happening.
However, the amount of mortgages applications are at low, lows. No one is qualifying, no one is buying. And with the interest rates up… There are going to continue to be few buyers until the price and/or the interest rates drop a lot.
We are also getting reports of many investment groups selling off properties. The speculation is that bitcoin looks like a far better investment, especially with the housing market looking unstable, and many places enacting rent controls.
Which brings up the next point:
Trading crypto directly for houses
Since the Infernal Revolting Syndicate labelled bitcoin a commodity, you should be able to trade it for a house. But, we haven't seen anyone do this directly, yet.
But, with the crypto bills being passed recently, it looks like such trades may soon become commonplace.
And really commonplace if real estate investors are selling houses to buy crypto. Why handle that filthy green paper, if you don't have to, right?
If this is really the alt-coin bull-run, there going to be a lot of people FOMOing into crypto. So, i expect cars, trucks, boats and other toys offered up for crypto. I also expect people to be offering deals on their 2nd homes, vacation homes, or even main homes (with people downsizing) if they can get crypto directly.
Add to that Kraken delisting Monero, and probably will be delisting even more as these crypto laws are forced through, and there will be more reasons to trade directly for crypto.
Although, crypto will continue to go up through the years, and realestate will continue to go down, this December will probably be a local high in crypto, and a low enough in real estate.
So, if you want a house, and you have enough cryptos in your bags, start looking at houses that you might want.
This may be a great time to trade… as long as you aren't thinking of this as an investment.
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STOPThe delisting of Monero has been talked about so much over the years. Crazy it finally happened.
I know a lot of people are stressed out about the housing market but as it unravels more it will usually drop to a level that would historically be undervalued. We are so far from that in most markets.
It really just depends where people want to live in the next 5 years.
XMR is very good coin, even I want more and more it , but Hive not let me get it... ... but ... but , if they make more delisting then this coin will be very stable in a bear market 100 % - XMR
Yes, in most markets, the price of housing is WAY over what people can afford.
When in places where people talk about choosing to pay rent or buy food, i often wonder if we are going to see a national walk out on mortgages. No one pays the banks anymore. 300 million foreclosure cases…
Well, this will only be good if people are willing to defend their house from police and the banks.
It is what the banksters deserve for their money games. However, done wrong, it is playing right into their hands. The banksters want to own all the real estate and rent it forever.
And whats up what HIVE ?? 🫣🫣👁️👁️ I wate to see your words
HIVE always goes up later in the alt-coin season.
Buy now if you want more HIVE. Write more now.
YEeeehh.... :))