this post was submitted on 13 May 2024
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Housing Bubble 2: Return of the Ugly
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I’m not sure if this comment is facetious or not but the world financial system also collapses pretty much instantly… The global economy is hooked on to real estate like a crackhead. Any sudden bans like the one suggested is likely to end in a greater and more immediate catastrophe.
As someone that works for a living that'd be a good thing. The parasitic draw the FIRE (Finance Insurance Real Estatr) economy has on my income would cease.
For who? The landlords? Oh nooooo
It'd probably take a lot of 401k balances with it. Which is the problem in a lot of economic things, the BS part of the economy is also holding everyone's retirement effectively hostage. So nuance is needed to get some progress over time.