3 ms·
> US real estate is literally the best investment real estate in the entire world, and it's availabile to the entire world. Apparently, we haven't learned shit
by metaphor 3y ago
> US real estate is literally the best investment real estate in the entire world, and it's availabile to the entire world.
Apparently, we haven't learned shit from the Great Financial Crisis on what happens when we take a basic living essential, and rather than shepherd it as a vehicle for responsible capital preservation, the market instead shills it as growth investment.
No doubt in my mind that real estate speculation will go down as this century's most epic tragedy of the commons.
- jdksmdbtbdnmsm 3y agoThe defining characteristic of capitalism is the opportunity to exercise capital to accumulate more capital.
- metaphor 3y agoIndeed, an apt agentless response in defense of parasitic excess that so readily cannibalizes its host for a quick buck just before collapse...which is doubly curious given the Fed has been telling us for well over a year now that not exercising capital to accumulate more capital is the name of the game.