Is Bay Area Real Estate the next frontier for crypto?

San Francisco

2022/01/28

Cryptocurrency, gaining popularity with investors and more slowly, traditional banks, may be starting to play a small role in Bay Area Real Estate. A Redfin survey in December found ~12% of first-time homebuyers planned to sell cryptocurrency to help finance a purchase.The number of first-time buyers turning to crypto investments ↑ from 5% in 2019 to 9% in 2020.With the median price of a single-family >$1M, it’s a stretch for many young buyers to save $200K to compete in this Real Estate market.But some are willing to embrace the risks, and there are legal structures that can help buyers defer taxes on crypto gains.