A Housing Bubble,And Bursting(?), And It's Effect On The Coin Market

BLUEJAYWAY

Saw on the news this AM that there is a growing concern about a growing housing bubble and it's possibly due to burst. Possibly worse than the last one. What effect if any will this have on the coin market as well as the metals area?

jmlanzaf

Wealth Effect.

Coin market will move negative.

291fifth

Nothing to worry about. They are all making so much money by speculating in crypto that houses will soon become merely places to park their $140,000 electric trucks.

Zoins

Stocks, houses, ending of COVID.

What does the future hold for coins?

ricko

Do you actually think that people have been selling their homes to finance coin collecting??
I don't think so.... Cheers, RickO

2ndCharter

Doesn't bother me either way. The mortgage is paid and my wife and I are in a house until the kids have to cart us off. At that point, we won't care about the housing market. (The kids won't either - they'll be too busy selling my collection).

Jzyskowski1

Well perhaps I considered just listing it. I know how much that new coin means to you 🙀

Goldenage

No effect from my point of view. Homes are many times 15-50 year investments.

A reduction in pay would be a deterrent

PerryHall

@ricko said:
Do you actually think that people have been selling their homes to finance coin collecting??
I don't think so.... Cheers, RickO

Of course not. Higher home prices mean higher mortgage payments resulting in less disposable income to buy coins.

jmlanzaf

https://www.investopedia.com/terms/w/wealtheffect.asp

jmlanzaf

https://www.quishco.com/blog/jnzkfkm5z9x92b3yrtbpcat2pnxj5w

TurtleCat

I’m not sure the two are directly related but are impacted by some of the same underlying things. In my area housing has gone up 20-40% depending upon suburb with no signs of popping. When it eventually pops I expect the general negativity to spread to other bastions of wealth.