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I, for one, am very happy for people with money to burn to waste it on crypto nonsense and NFT's rather than real estate.

• Hamuko 5y ago
  So that people make more crypto and NFTs instead of developing more housing?
  • llimos 5y ago
    So they can push up the price of crypto and NFT's instead of pushing up the price of housing. Real estate is a zero-sum game since there is a finite amount of land and it's controlled by the government. Many many people wish they could develop more housing, but they can't.
    • endomorphism 5y ago
    • deleted 5y ago
      [deleted]
    • chottocharaii 5y ago
      Development of land increases living space … More lucrative apartment prices ensure more profitable development …
      • _aavaa_ 5y ago
        yes, but more profitable development does not ensure more affordable developments
    • Scea91 5y ago
      It is not a zero sum game. There are just finite resources, but that is nothing unusual. In the grand scheme of things there are finite resources in every physical system.
  • mdoms 5y ago
    In most places the housing bottleneck has nothing to do with house prices, it's planning and consent restrictions, and a lack of skilled labour availability.