3 ms·
That people need this explained to them, readers of a financial newspaper no less, is a little concerning.
by HPsquared 3y ago
That people need this explained to them, readers of a financial newspaper no less, is a little concerning.
- ethanbond 3y agoGotta overcome the cognitive biases induced by “most of my wealth is in the land beneath my house.”
- 0xDEF 3y agoThe people who read a financial newspaper probably still have a lot of their networth tied up to their real-estate.
- snoman 3y agoI attribute this to the pervasive publishing model where anyone can submit an article to any publication, and as long as the topic lines up with current events, then the editor is just a bot that is checking for spelling and the headline being clickable.
- pesfandiar 3y agoVancouver has one of the least affordable housing markets in North America and people have been concerned about it for years. 4 years ago, it was even a municipal election issue, yet most people who couldn't afford housing voted in some of the most NIMBY councillors, who in turn voted down any significant housing project. The reason? New units are expensive, so building them makes housing more expensive. Even some smart, educated people couldn't see past this.