(The English version follows)
最近各种数字货币价格十分动荡，不少朋友损失惨重，也有不少朋友趁势抄底。到底要不要买数字货币？今天的两篇文章出自2017年和2021年，对比了湾区房价，Apple / Google / Facebook 股价和比特币的走势，答案显然易见。当然任何投资都有风险，谨慎选择，切勿 all in，切勿加杠杆。
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Recently, the price of various digital currencies has been very volatile, and many friends have lost a lot of money, while many others have taken advantage to buy low. Should we buy digital currencies or not? Today's two articles are from 2017 and 2021, comparing Bay Area housing prices, Apple / Google / Facebook stock prices and Bitcoin trends, the answer is obvious and easy to see. Of course any investment has risks, choose carefully, do not go all in and do not leverage.
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In general, houses are purchased based on income, not assets.
Split-adjusted, it took 76,839 shares of $AAPL to purchase the average home in Palo Alto. By March of 2021, that number had dropped to only 25,216 shares.
In June 2012, it took 16,555 shares of Apple stock to purchase the average Palo Alto home. In June 2017, it took 16,566 shares. (Of course, with dividends, you’re actually doing a little better if you are a shareholder.)
In June of 2012, it would have taken 4,557 shares of Google stock to purchase the average home in Palo Alto. By March 2021, that number had dropped to only 1,511 shares.
It took 4,780 shares of Google to purchase the average Palo Alto home in June 2012, but it only took 2,592 to purchase the average Palo Alto home in June 2017.
In June of 2012, it would have taken 66,500 share of Facebook to purchase the average home in Palo Alto. By March of 2021, that number was down to just 11,077 shares. Quite incredible.
In June 2012, you would have needed 44,412 shares to buy the average Palo Alto home. In June 2017, that number had dropped significantly to just 16,598 shares.
In March of 2019, you could have purchased the average house in Palo Alto for 702.0 Bitcoin. Just two years later, in March 2021, the average house in Palo sold for 54.9 Bitcoin.
In June of 2012, it would have taken 260,149 Bitcoin to buy the average home in Palo Alto. In June of 2017, that number is now down to 892.
The fact is, if you are fortunate enough to have equity in one of the tech giants, or if you have been an investor in Bitcoin, houses might actually look cheaper in 2021 than they did in 2012, or even in 2020.