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In fairness; there is an ongoing strategy of printing money and distributing it to asset owners. That may also be contributing to asset owners accounting for mo
by roenxi 2y ago
In fairness; there is an ongoing strategy of printing money and distributing it to asset owners. That may also be contributing to asset owners accounting for most spending.
- ty6853 2y agoThis is basically what happened during the covid low interest mania. Not realizing what had happened, in three years I went from "almost enough to buy a house in the city in cash" to "have to buy vacant rural wasteland then develop it myself from scratch." The latter worked out, but cost me two years of my life of hard labor. Those two years of manual labor more or less represent what home owners took from non owners via the central bank.
- willvarfar 2y agoDo you mean you developed vacant rural land from scratch? Ignoring the meta economy lessons etc, how was it? Do you love what you've done? How did you do it? Where is it? What was surprisingly hard and what was surprisingly easy? Etc etc etc, please tell all! Love this kind of stuff :D (An HNer just embarking on a house self-building project)