Anonymous
(ID: eiWsPwPk)
6/26/2025, 1:56:43 AM
No.508739422
6/26/2025, 1:56:43 AM
No.508739422
>>508738613
>the sharp increase in demand due to the financialization of the housing market
This is one surely but not all. I agree banks should not be buying houses as an asset class. But Money is made on price fluctuation alone. You can make housing super affordable but as long as there is price fluctuation, people will trade it. The market cap will decrease but it will still be bought and traded like anything else and all the implications to GDP.
Personally I don't care if people trade housing as long as it remains affordable and cheap. But the government has an interest against that because people keep working to pay their housing and they keep paying income and property tax as a result. We can't have everyone subsistence farming, Canada or Mexico will invade, our economy will be Afghan tier. There needs to be a balance. It is possible, we had it in the 90's and before.
>the sharp increase in demand due to the financialization of the housing market
This is one surely but not all. I agree banks should not be buying houses as an asset class. But Money is made on price fluctuation alone. You can make housing super affordable but as long as there is price fluctuation, people will trade it. The market cap will decrease but it will still be bought and traded like anything else and all the implications to GDP.
Personally I don't care if people trade housing as long as it remains affordable and cheap. But the government has an interest against that because people keep working to pay their housing and they keep paying income and property tax as a result. We can't have everyone subsistence farming, Canada or Mexico will invade, our economy will be Afghan tier. There needs to be a balance. It is possible, we had it in the 90's and before.