A Housing Bubble,And Bursting(?), And It's Effect On The Coin Market
BLUEJAYWAY
Posts: 9,665 ✭✭✭✭✭
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?
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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Wealth Effect.
Coin market will move negative.
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.
Stocks, houses, ending of COVID.
What does the future hold for coins?
Do you actually think that people have been selling their homes to finance coin collecting??
I don't think so.... Cheers, RickO
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).
Member ANA, SPMC, SCNA, FUN, CONECA
Well perhaps I considered just listing it. I know how much that new coin means to you 🙀
🎶 shout shout, let it all out 🎶
No effect from my point of view. Homes are many times 15-50 year investments.
A reduction in pay would be a deterrent
Of course not. Higher home prices mean higher mortgage payments resulting in less disposable income to buy coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
https://www.investopedia.com/terms/w/wealtheffect.asp
https://www.quishco.com/blog/jnzkfkm5z9x92b3yrtbpcat2pnxj5w
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.