if i got a mortgage for 800k usd and my house is suddenly worth 500k usd instead. the bank still charges as if its 800k bc thats how much i borrowed. if i want to pay less i cannot, if i want to sell the place and go somewhere else i will only get 500kusd for it so im stuck here unless i find 300k usd. not great for current homeowners

Not terrible either. You planned on it.

I procured a mortgage in 2022 for ~12.5 bitcoin. The house is now worth ~5.3 bitcoin. It's good for me because the mortgage gets cheaper over time. If I was a bank that could print fiat out of thin air, I would use it to stack sats not single family homes. The bankers are idiots.

So interesting enough the majority of the middle class have most of their net worth tied up in their primary residence. So if you are an average middle class person it is very bad since most rely on this as a retirement fund so to speak. If you are a non home owner and have liquid net worth it would be good. As a bitcoiner with (most likely) the majority of your net worth in something very liquid (bitcoin) then home prices collapsing would be very beneficial especially if you are waiting to buy.

You mean you agreed to the terms of the loan when you bought right? Bc yeah, that just means you shouldn’t have bought if you can’t pay the mortgage

your house is basically a bond that is it

It is good in the long term

Its like the middle class storing wealth in water during a drought.

CAN’T SAY I DISAGREE WITH YOU - AND I HAVE MADE INVESTMENTS INTO REAL ESTATE… HOWEVER I HAVE ALSO NOT OVER-LEVERAGED MY REAL ESTATE AND AS SUCH I AM IN A GOOD SPOT SHOULD THE VALUE OF THEM SUDDENLY DROP BY 50-70% HELL EVEN IF THEY DROPPED TO ZERO I WOULD MAKE IT DUE TO BITCOIN THE REAL PROBLEM WITH FALLING REAL ESTATE VALUE IS ALL THE PEOPLE WHO USED THAT INCREASING VALUE TO PAY OFF OTHER DEBTS DUE TO THEIR OVERSPENDING WHICH WAS ENCOURAGED BY THE GOVERNMENT IN THE WAY UP AND WILL NOW BE EFFING THE MAJORITY ON THE WAY DOWN

Being over leveraged is risky, and it’s a choice. Maybe i’m being insensitive, but you reap what you sow (not you you - them)

The boomers will revolt.

Someone once said inflation is just money passing from the young to the old. Likewise property price falls are just money passing from the old to the young.

has been rare zooming out over past time. 2008 was a big one and today's CRE crisis is real

Commercial real estate crisis? That doesn’t sound gud 😳 Is this because of amazon

no, sustained higher interest rates for banks

THEY JUST DON’T KNOW OR SEE IT YET…. THEY ARE JUST STILL LOCKED INSIDE THE FIAT SYSTEM THAT IS ALL THEY HAVE EVER KNOWN. WHEN/IF THEY SEE IT…IS UP TO THEM AND WHO INFLUENCES THEM?? THE LONGER THEY REMAIN THE HARDER IT GETS FOR THEM I THINK I SHOULD SAY MAKE IT CLEAR THIUGH THAT I STILL HAVE NOT FULLY TRANSITIONED TO BITCOIN AS I HAVE OTHER PEOPLE I CARE FOR THAT I AM WAITING ON TO MAKE THE FILL TRANSITION OTHERWISE I WOULD BE A WHOLE LOT CLOSER TO 100% :) I HOPENI CAN DO FULLY TRANSITION WITHIN THE TIME I HAVE REMAINING IN THIS CONSCIOUSNESS WE CALL LIFE.

Yep yep yep

Shitty inefficient bond to need so much upkeep and artificial sacrifice of living space for other people to maintain.

What dumb fuck designed the regulatory structure for these bonds? And the escrow situation? And the peculiar taxes? This financial instrument sucks.