RE: Bitcoin go up! Suburban Housing Go DOWN, Down, down, foop.
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Here's how it could play out...
Higher interest rates stagnate the economy and bankrupt everyone, only this time the central banks don't come to the rescue with QE and ZIRP. Instead, the government attempts to confiscate all real-estate in "the great taking" and leases it to the population, only accepting CBDCs for rent.
Eventually the people revolt, take their property back, with each physical structure being tokenized on a decentralized blockchain, where fractional ownership becomes a reality. The houses are priced in Bitcoin, but other cryptocurrencies that have gained widespread adoption can be used to purchase them as well.
Just a thought. Tumultuous times ahead.
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It looks like Gov Nuissance is working on the very first "great taking".
It is coming.
I think T.H.E.Y. are planning just what you said.
I don't think the people are going to revolt and take the property back.
It will be like, those who could leave, left. And what does the govern-cement do with a bunch of vacant houses? The homesteaders will be at the bottom of the list of govern-cement taking of houses, and will just not acknowledge any action that declare them public property.
The homestead belongs to the "family" that lives there. It won't be for sale. The concept of selling it won't exist.