3 ms·
> if your house has a "market value" of $750K but no millennial or zoomer can ever possibly pay that, it's not actually worth $750K. The valuation isn’t illuso
by bugglebeetle 3y ago
> if your house has a "market value" of $750K but no millennial or zoomer can ever possibly pay that, it's not actually worth $750K.
The valuation isn’t illusory if you can constrain supply and monopolize ownership. The plan for the next generations is for them to never own housing and instead be parasitized by huge investment firms who buy up all the existing stock.