Why would you want to build homes in this market?
How would you hedge against BTC going up while the USD was invested in building the homes.
I.e. if I invest 1 BTC (BTC=100 USD at that time), you then turn it into 150 USD by building and selling hte ocins, and convert back to BTC, which has gone up, and is worth say $200 USD per BTC. Thus instead of getting 1.5 BTC, I only end up with less than 1 BTC.
I can't see how these would be a good way to invest if you consider BTC to be on the slow and graudal rise.
Because in this locality home values never dropped and are still increasing, and building homes is still going strong.
That is why I stated that this would not be an IPO or stock option using Bitcoins, as you can not protect against bitcoin raising or lowering, it is a way to diversify out of Bitcoins if you so choose.
Again as I stated above if you are bullish on BTC this would not possibly be a good investment for you, this is an option for an early miner who is staked 100% into bitcoins to diversify his portofolio, and not put all of his eggs in one basket. Therefore locking in the price of USD in bitcoins in todays market or at time of investment.
Sorry I didn't read closely enough.
I actually do think this is a good idea in that case as it allows diversification into the usd housing market without BTC/USD issues.