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by baldajan
3014 days ago
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A recession is part of an economic cycle to rebalance misused assets. More housing isn’t the solution. Many House bubbles had ample housing for people to live in, but not enough for speculation. Building more houses kicks the bucket down the road as it accumulates more than necessary housing. When a recession hits, and asset bubbles are deflated, speculation goes to zero, and you’re left with an over supply, an indebted society, and the country may lose generations of productivity (what actually happened in Japan in 1990). |
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