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What I Saw as a Fake Billionaire: the artifice of luxury real estate [video]
- Hammershaft 3y agoEmpty real estate buildings used purely as an investment vehicle while the city below suffers a housing, affordability, and homeless crisis. http://www.vacantnewyork.com/ http://www.vacantnewyork.com/ Henry George predicted that these exact conditions would worsen as societies grow richer, as a product of the economics of land speculation. If you're interested the what Georgism recommends to remedy this crisis and create the conditions for broad prosperity, I strongly recommend checking on this primer: https://www.astralcodexten.com/p/your-book-review-progress-and-poverty https://www.astralcodexten.com/p/your-book-review-progress-a...