Houses are way over priced because people aren't buying them with "real money". Imagine if people could get loans to buy cryptocurrency? Imagine the prices and size of the bubble.
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Houses are way over priced because people aren't buying them with "real money". Imagine if people could get loans to buy cryptocurrency? Imagine the prices and size of the bubble.
I agree - plus the fact that the mortgage industry is underwritten by the government. It’s the same thing with healthcare and higher ed - any time the government guarantees the loan prices will inflate.