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ECB , 1 month ago Housing shouldn’t be an (in real-terms) appreciating asset. In the long run that just leads to feudalism. Imagine if everything keeps appreciating for 200 years… now only cyborg Elon musk can afford to buy a house.
Housing shouldn’t be an (in real-terms) appreciating asset. In the long run that just leads to feudalism.
Imagine if everything keeps appreciating for 200 years… now only cyborg Elon musk can afford to buy a house.