We hear a lot of noise about crypto currency. As commercial real estate developers we have not paid too close attention to this phenomenon, but perhaps we should. Could crypto currency cause any significant changes to commercial real estate markets? If so, what changes might occur?
I don’t see this used in large transactions or residential transactions much since one of the benefits is to not be able to find the source of funds, and the US government has been imposing more regulation or requiring transparency into real estate transactions. In addition, the wild fluctuations in value make this a very risky proposition, except to someone who acquired the currency at very low valuations.
I don’t think crypto currency is market for transactions; however, it’s bargained for consideration. As a result, if the opposing party is knowledgeable and comfortable with it, it could be employed. Finding a party to meet that criteria may not be an easy task.
Unless your deals are funded by crypto currency, I’d spend more time worry about the correlation between the strength of US dollar and interest rates, and the impact it’ll have to your projects.
More importantly, Blockchain technology will be the major change factor. IBREA allows companies to come together to create and implement the best blockchain solutions to solve the hardest problems facing real estate. With decentralized markets, unchangeable ledgers, and trust protocol, the CRE-technology space will grow rapidly.
Cryptocurrency became really popular in 2008 and there have been transactions in real estate that occurred using bit coin. For the most part, it is in its initial stages, so everything is speculation. My feeling is that it will play a major role in commerce after our next correction, which should be in the next few years.
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