This is extremely short-sighted. Expensive real estate is a blood-sucking vampire squid on the real economy, on every economically productive citizen
You are paying for that overpriced housing every time you buy a coffee, you pay $1 for the coffee beans and you $4 for the coffee shop rent. You pay rent of every person who's services they need, from a delivery man to a plumber.
The idea that rising house prices are okay because you own a house is just as daft as the idea that rising food prices are okay because you have a full fridge.
The optimal strategy is to drive down relative cost of food, housing and energy, and other nessesities of life to zero, that's what we call 'economic growth'. Thats why we no longer live like peasants.
This is extremely short-sighted. Expensive real estate is a blood-sucking vampire squid on the real economy, on every economically productive citizen
You are paying for that overpriced housing every time you buy a coffee, you pay $1 for the coffee beans and you $4 for the coffee shop rent. You pay rent of every person who's services they need, from a delivery man to a plumber.
The idea that rising house prices are okay because you own a house is just as daft as the idea that rising food prices are okay because you have a full fridge.
The optimal strategy is to drive down relative cost of food, housing and energy, and other nessesities of life to zero, that's what we call 'economic growth'. Thats why we no longer live like peasants.