Buying a House For Crypto This Christmas

If this alt-coin bull run plays out like previous 4 year cycles, we will see some hefty gains in many alt coins close to December.

And, the crashing housing market will probably be recognized for what it is by December too.

So, if you want to buy a house, December might be your month.

Cryptos will be way up, and housing will probably be noticeably down.

However, the big thing may be that investors trying to get rid of their real estate will be looking to accept crypto.

Is this the crypto bull run?

We really thought we were in the bull run when bitcoin went to $100k, but it just traded in a channel for so long that most people gave up. Was that just because of the ETFs? Could have been.

But, now we are seeing big interest in Ethereum. This is what usually leads the coming alt-coin season. But, is this just the ETFs too?

Fortunately, we are seeing rumblings in alt-coin prices. So, this really looks like alt-season. And chart analysts are looking at 10x's all over the place. It is going to be big!

House prices are falling

There are many areas that are showing inventory levels are up at pre-pandemic levels. And zillow is showing a bunch of price cutting is happening.

However, the amount of mortgages applications are at low, lows. No one is qualifying, no one is buying. And with the interest rates up… There are going to continue to be few buyers until the price and/or the interest rates drop a lot.

We are also getting reports of many investment groups selling off properties. The speculation is that bitcoin looks like a far better investment, especially with the housing market looking unstable, and many places enacting rent controls.

Which brings up the next point:

Trading crypto directly for houses

Since the Infernal Revolting Syndicate labelled bitcoin a commodity, you should be able to trade it for a house. But, we haven't seen anyone do this directly, yet.

But, with the crypto bills being passed recently, it looks like such trades may soon become commonplace.

And really commonplace if real estate investors are selling houses to buy crypto. Why handle that filthy green paper, if you don't have to, right?

If this is really the alt-coin bull-run, there going to be a lot of people FOMOing into crypto. So, i expect cars, trucks, boats and other toys offered up for crypto. I also expect people to be offering deals on their 2nd homes, vacation homes, or even main homes (with people downsizing) if they can get crypto directly.

Add to that Kraken delisting Monero, and probably will be delisting even more as these crypto laws are forced through, and there will be more reasons to trade directly for crypto.

Although, crypto will continue to go up through the years, and realestate will continue to go down, this December will probably be a local high in crypto, and a low enough in real estate.

So, if you want a house, and you have enough cryptos in your bags, start looking at houses that you might want.

This may be a great time to trade… as long as you aren't thinking of this as an investment.

All images in this post are my own original creations.