3 ms·
What happened is the financialization of houses. They didnt use to be thought of as securities. But an investor can go borrow a billion dollars at a 3% interest
by fdgsdfogijq 4y ago
What happened is the financialization of houses. They didnt use to be thought of as securities. But an investor can go borrow a billion dollars at a 3% interest rate, buy a ton of homes, and become rich. All he needs is the credentials to do that. As long as interest rates stay below inflation rates, there is profit to be made for investors. We cant see them, but they are on yachts, essentially enslaving americans via an abstract financial interface. This is not capitalism, its money being too cheap from central bankers.
- yobbo 4y agoYep. As long as interest rates are held below the inflation rate, this outcome is inevitable.
- fdgsdfogijq 4y agoIt's very simple, not sure why we need so many complex discussions on it.