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For Millennials, Bitcoin is the new Real Estate

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For Millennials, Bitcoin is the new Real Estate
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Actual property as an asset class has been a supply of accelerating affluence as many older people in top-tier Asian cities, reminiscent of Singapore and Hong Kong, have seen their wealth soar as a result of rising property values. Whereas some members of those generations could also be cash-poor, they typically have substantial property, primarily in actual property.
In Hong Kong, for example, dad and mom who totally personal their property are prone to be millionaires already, even when it’s only a tiny one-bedroom house. Nonetheless, for youthful generations, together with millennials and Gen Z, the ultra-high property costs aren’t only a problem — they’re a major monetary burden. Many of those homeowners are weighed down with long-term mortgages which have excessive rates of interest, and are thus struggling to ascend the social ladder. In different phrases, speedy urbanization signifies that youthful people are unlikely to construct the identical degree of wealth by actual property as their as soon as dad and mom did.



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