Real Estate Equity Conversion to Bitcoin
Welcome! This course introduces the benefits of converting real estate equity to bitcoin (BTC).
Although it is generally considered safe, there are historical risks associated with real estate as an investment, as demonstrated by the economic crisis of 2007-2009.
- The "Great Recession" lasted from December 2007 to June 2009, an economic downturn that was the longest since World War II.
- The financial effects of the Great Recession were similarly outsized: Home prices fell approximately 30 percent, on average, from their mid-2006 peak to mid-2009, while the S&P 500 index fell 57 percent from its October 2007 peak to its trough in March 2009.
- The net worth of US households and nonprofit organizations fell from a peak of approximately $69 trillion in 2007 to a trough of $55 trillion in 2009, or a loss of 14 trillion ($14,000,000,000,000) in net worth. For a typical U.S. household, making $50,000 per year, to earn enough to pay off a $1 trillion debt would take 20 million years.