[ClumsyPilot]

> financialization of housing" is basically the same thing as "FED“

You clearly do not understand what financialisation actually means - it’s creation of derivative financial products based on the underlying assets. Eventually these products become so complex, no one knows what’s happening to the original assets. That’s how we got 2008

And you can have 2008 style collapse even if your currency is based on gold coins.

[the_real_cher]

they're talking about something different I think.

they're saying houses are becoming an financial instrument to keep money safe instead of a place to live.

we currently have 1 trillion dollars of debt interest payments every 100 days.

the only way to pay this is for the Federal reserve to print money which devalues the current currency with inflation.

so houses have become a financial instrument to keep monies safe.