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The non-obvious point is that the value of real estate hinges on this social construct. Even the exact implementation details of it. It's not as simple as vecin
by im3w1l 4y ago
The non-obvious point is that the value of real estate hinges on this social construct. Even the exact implementation details of it. It's not as simple as vecinu implied, that people need shelter therefore my investments will moon. And this isn't just a theoretical exercise, it's rather something that affects the market.
- vecinu 4y agoRight, I just tried to simplify the thought experiment to counter the argument that tech and commodities are as important to the consumer as housing is.