The size of the US housing market is $52T, crypto is ~$1.65T globally. 30x diff. 

And demand for housing is mostly to live in or rent out. You can’t zero it out. If you don’t own you rent. 

A grimdark version of don’t buy houses is don’t have children. That actually subverts things whether you rent or own.

Blogger at ribbonfarm.com, running summerofprotocols.com, host of /gloom ☀️

The speculating asset in the US is schooling more than real estate. Even childless people want to buy in good school districts to ensure resale value. But if enough people are childless that breaks down, housing prices rationalize whether you rent or own.

housing prices is the No.1 hindrance to human flourishing in cities, crypto people should coordinate to build the highest skyscrapers with good living space. Sky is free real estate mostly.

https://warpcast.com/franciskthomas/0x793783ed