3 ms·
Its funny to see govt falling all over itself to regulate crypto but crypto got nothing over the biggest ponzi scheme of all time that they themselves created c
by apwell23 3y ago
Its funny to see govt falling all over itself to regulate crypto but crypto got nothing over the biggest ponzi scheme of all time that they themselves created called 'the us housing market'. Tons of ppl in know in austin, dallas area have like dozen houses where they are now partial owners. Most of those draw rentals less than the monthly mortgage but ppl buying them regardless because "housing always goes up/govt will never let housing fall" .
- croes 3y agoReal estate is a bigger donator than the crypto bros.
- foogazi 3y agoNot shocked that governments favor a world were every homeowner pays taxes vs crypto as a scheme to avoid government control
- tipsydoo 3y agoWhich is why government should break their own scheme by building houses and selling them at-cost, or even subsidized (i.e., no-interest mortgage). I'll fully admit that I've been radicalized by an adulthood of housing insecurity, and I no longer care about housing as an investment or even a market. The current system is cruel, and while I understand that it can never be perfect, the ease with which people's stable shelter can be ripped from them is appalling. Yes, even with eviction and foreclosure proceedings. There are many who would object vociferously to this because their own stability is based on housing's scarcity and inflated value, and while that may be a reality whose collapse we'd have to contend with, I have to think that anyone of good moral thought would recognize the fundamentally perverse nature of the status quo.