The fact that affordable housing remains unaffordable for large sections of the middle class and even more so for the lower class is a social scandal! Decades of the wrong monetary policy, the diversion of liquidity into the real estate market as a kind of piggy bank to protect against currency devaluation, combined with over-regulation and high taxation, have created a situation that is absolutely unacceptable.
The real estate market will correct, one way or another, the number of private insolvencies is already rising and the pressure on the market is increasing noticeably. Intelligent policy would use a vehicle such as Bitcoin like a dry sponge to siphon off the outflowing liquidity and mitigate inflation by letting on-ramps grow faster (besides the ETF honey pot).
What will happen to the lending banks in the event of the next real estate crisis remains to be seen, but there will certainly be more mail from these institutions with the money printing press. In any case, we would be well advised not to jump on the bandwagon now, but rather to wait until real estate prices cool down. The effect is likely to be even more pronounced in Europe in particular, where demographics are hitting mercilessly.