Seconded. Currency debasement plays an instrumental role in real estate speculation. If investors could just count on their cash to retain and increase in value over time, their insatiable appetite to own real estate as an inflation-resistant asset would relent.

Fix the money, and fix the housing affordability crisis. Slash the demand to buy housing as an investment.

Eventually, a house will be a fraction of a Bitcoin. How do I know this? There are many more than 21 million houses on Earth.

you'd sooner see houses sell for bullets and guns than for bitcoins imho.

If you make money more expensive nominal house prices might drop but you also made it harder to acquire money in the first place. Ultimately the only difference is that more money goes to the banks instead of the land owner. It doesn't create more land or housing. The supply and demand mismatch hasn't been solved.

> If you make money more expensive nominal house prices might drop but you also made it harder to acquire money in the first place.

In a deflationary environment, as housing/rent prices drop, savers are rewarded.

Renting doesn’t entail taking out a mortgage.

> It doesn't create more land or housing.

Nor does building more housing in an inflationary environment necessarily satiate investor demand for inflation-resistant assets in the form of residential property.

The cantillon effect only exists for taxes and government spending. You have a bank in every city, private money creation is fully geographically decentralized.

Also, "sound money" is anti democratic because the whole point of a fixed supply is to make money exclusive and let existing social classes maintain their status (kings and aristocrats owned a lot of gold mines and thereby controlled the economy)

What even is “democratic money”? We live in a plutocracy, do we not [1]?

> whole point of a fixed supply is to make money exclusive

In this case, it’s to obviate the need to take your inflationary funbucks to what is essentially a casino, or otherwise park it in residential property in the hopes of not getting debased.

[1]: http://www.princeton.edu/~mgilens/Gilens%20homepage%20materi...