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I don't think what the market thinks of the value of the houses is going up. It's mostly inflation and people thinking everything else will go down compared to
by jokethrowaway 5y ago
I don't think what the market thinks of the value of the houses is going up. It's mostly inflation and people thinking everything else will go down compared to houses (stocks, fiat, crypto).
If we stopped messing with the market and started using a currency with actual backing in physical resources, maybe we would experience less recessions and crises.
Avoiding all the short term pain is not free just because the government say so, you'll have to pay it sooner or later.
In a market without government actors capable of breaking rules probably owning houses wouldn't be that valuable. There is plenty of unused land in the world and without a government starting a new city or profitable businesses would be way easier than now.