One of the two creators of the original DOGE meme coin, Billy Markus, took to App X to publish a post about his plans to buy a house in the state of California, where he lives.
However, he believes that right now the real estate market in the US could be fragile, or rather, Markus does not believe in his own luck if he buys a house. In Post
Still, Markus says home prices in California are quite high, running around $2 million for a home less than 1,500 square feet.
According to data from Forbes, the average 30-year mortgage rate in the US has risen for the seventh consecutive week and reached 7.79% this week. “Given current rate conditions, it’s no surprise that year-over-year existing home sales declined for the third consecutive month, falling 0.7%, with all four major U.S. regions posting declines, according to the National Association of Realtors (NAR).”
Earlier this year, Markus admitted that he and DOGE’s second co-founder, Jackson Palmer, earned “almost nothing” from Dogecoin, as they only created this meme cryptocurrency as a parody of Bitcoin. But ironically, DOGE became popular.
Regarding the meme coins that were created later, Billy Markus stated, without naming any particular assets, that they were created with the goal of making money for the developers from the players.
However, Markus admitted, the creators of some meme cryptocurrencies try to provide some utility to their users.
