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I’d say much more of it went into inflating house prices.
by Robotbeat 3y ago
I’d say much more of it went into inflating house prices.
- nluken 3y agoYes, it went into all asset classes, even normally depreciating assets like cars. That said, the massive influx of cash into an asset with no underlying value seems like an especially egregious symptom of this trend.
- dilyevsky 3y agoThe difference here is houses are actually useful for something
- Robotbeat 3y agoBut you HAVE to have housing, so inflating that price is bad (and actually helps cause homelessness) whereas buying cryptocurrency is totally optional.