3 ms·
Real-estate-as-speculation is the root cause. Everyone else just got caught up playing the game. Doesn't make those who participated blameless, but helps to ide
by uoaei 7y ago
Real-estate-as-speculation is the root cause. Everyone else just got caught up playing the game. Doesn't make those who participated blameless, but helps to identify the simplest way to repair some of the damage.
- api 7y agoI think it's sort of a feedback loop. Restrictive housing policies kicked off housing inflation which transformed housing into a speculation vehicle and a financial instrument which in turn incentivized more zoning restriction.