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I'm thinking it's a good time to buy in DC.
Regardless of what one thinks of Trump, the trend towards centralization of power around the presidency is continuing. It's only a matter of time before we get another Democrat in office and that should put DC back into an upswing.
In short, BTFD in Washington DC real estate.
Should we make a bet on this?
I bet HODLing the equivalent of a house in DC now will buy more than an average DC house, at any point after the Trump presidency.
Obviously, we'd need a cap on that for practical reasons, or the bet would never end. However, if you have to pay the bet and I'm proven wrong later, I'll pay you the winnings.
Does Predyx take requests? @mega_dreamer
Maybe we can bet on the Zillow Price Index in Washington DC after 8 years?
https://www.zillow.com/home-values/41568/washington-dc/
I doubt Predyx wants a bet to go that long though haha
Good one and they do take requests from stackers and they've made multiple year markets before. I think that would be the longest one yet, though.
My one caveat is that I want the price in bitcoin. Something like "Will the average house in DC cost more Bitcoin in eight years than it does now?" or "Will the average DC house cost more than 8 bitcoin in 8 years?"
Oooh, I don't think I'd take the other side of that bet if it's priced in Bitcoin though :)
Then it's not a good buying opportunity. It's just another opportunity to take an economic loss (unless, you're the kind of sicko who wants to live in DC).
kind of sicko who wants to live in DC
Once upon a time, I might have been such a sicko
Obviously, my points don't apply to such sickos. It may be a good time for them to buy in DC.
Lets brainstorm on this - I will list it.
We can certainly create the long-horizon markets, but there won't be much trader wanting to lock in their fund for so long.
If you can find ways to create derivatives markets for zillow within a year time-frame, we'll list it.
China has won the trade war.
The US empire is facing insolvency/collapse.
Trump and Musk are doing their best to delay the day of reckoning.
US Real estate is a very poor investment today.
This is all stolen from here afaict: https://x.com/KobeissiLetter/status/1900939207150903558
I thought it might be. This account never replies.
Too much pearl clutching over cutting spending to 2019 levels, pre covid
I agree, but all the knock-on effects are interesting.
Nice collection of related trends!
It illustrates really well what I've been saying: Whether all these changes end up being good or bad, they will almost certainly cause a pretty large economic correction (which could easily become a recession).