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> a building is not a building but a financial product. Are we cooked chat?

• Analemma_ 10mo ago
  Your house and the 30-year fixed-rate mortgage on it is a financial product too, and a fairly complex and risky one at that. This fact is just well-hidden from you by nested layers of government subsidies. There is basically no way for real estate to not be a complex financial product, because almost no one can pay cash-up-front for it. If it wasn't financialized, nobody could ever afford to own anything and we'd all be feudal serfs renting from a couple landlords.
  • Ekaros 10mo ago
    Or we would live in unregulated slums... Not that whole sector isn't over financialised.
  • bix6 10mo ago
    Sure we could do a better job of it though. Local banks used to be core community helpers. Now it’s just JPM branch after JPM branch.