3 ms·
The consequences of 2008 era (and generally the way of the current fiat system) are coming to roost. Asset prices and investments in unproductive assets - such
by nine_zeros 3y ago
The consequences of 2008 era (and generally the way of the current fiat system) are coming to roost.
Asset prices and investments in unproductive assets - such as real estate - is far too high for low price businesses to be sustainable.
There are only two ways out of this - taxing the rich more (more capital gains brackets) and banning corporate ownership of physical property until the prices of properties collapse to sustainable values.
- frumper 3y agoGovernment could also create an environment where it's easier/cheaper to build on property.