Dogecoin Creator Raises Alarm Over Soaring U.S. Housing Prices
Billy Markus, co-creator of Dogecoin and a prominent voice on X, recently sparked discussion with a stark take on the state of the U.S. housing market.
Citing data from a historical chart shared by Barchart, Markus warned that current price levels may be setting the stage for severe economic fallout.
The graph, which tracks inflation-adjusted home prices going back to 1890, shows that the Case-Shiller Index has reached an all-time high of nearly 300 in 2025 — surpassing the peak seen before the 2008 mortgage crisis. Markus questioned the sustainability of these levels, suggesting that correcting the market could inflict serious damage on the global economy.
Behind the spike are familiar factors: suppressed interest rates, limited housing supply, and speculative buying. According to Markus, any attempt to cool down the market — such as raising rates or curbing investor activity — risks triggering a chain reaction, potentially destabilizing key industries like construction and finance.
Some commenters on X pushed back, arguing that the situation doesn’t necessarily imply an imminent crash. One suggested lowering rates to improve affordability, while another saw the market entering a necessary phase of rebalancing, not collapse.
While opinions differ, Markus’ comments reflect growing unease over whether today’s inflated housing market can avoid the fate of 2008 — or if history is quietly repeating itself.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
