My fiat life revolves around real estate consulting and working with developer's looking to build things (apartments, industrial buildings, shopping centers, etc.).
Even when they get returns that are great by conventional measures, I'm constantly thinking "Why don't they just buy 600BTC, stick it in cold storage for the same 10yr hold and get like 9x the return with no risk or effort instead of a dramatically lower return from this highly speculative over-leveraged financialized real estate product that only works because I can get them a financial incentive."
I really don't think people are ready for how BTC is going to break real estate.