mleku on Nostr: the banksters didn't run the housing inflation racket as soon in the east because ...

the banksters didn't run the housing inflation racket as soon in the east because most eastern countries didn't join until after 2006

even now still a very high percentage of bulgarians own their apartments and houses free and clear, but the fiat bullshit is infesting their system

they had this inflation bullshit under socialism too, and eventually it destroyed the country... i think the main way they inflated the currency was boondoggle projects and retarded, shitty and disorganised construction projects that didn't finish like the hotel in Shumen's main drag that stands like a testament to Todorov's legacy