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by chii 1537 days ago
Plenty of basic human needs are financialized - crops and water and electricity - and they don't have any problems.

Why is financializing land and real estate a cause for the problem?

I argue it's not financializing, but the lack of allowance for production of more, when the price signals a demand for more.

When crop prices are high, farmers grow more, or make use of more land to grow. Ditto with electricity or water. Why isn't more land opened up for development, when price of real estate is high?