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by bombcar
24 days ago
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> Of course that opens the question: why should real estate be a continually appreciating asset? There are other countries where it isn't. Over time, real estate just is inflation - if it's more than inflation it eventually ends up infinitely expensive and unaffordable, if it's less than inflation it leads to cheap-as-free. Arguably the second is more desirable from a human standpoint - but the first is where financialization leads us. |
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