XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: The price of homes is high because: 1. The money we use is broken and doesn't hold ...
The price of homes is high because:
1. The money we use is broken and doesn't hold its value, which pushes people into using houses as a high-yield & relatively scarce savings account.
2. Overregulation of land use, zoning laws, and building codes restricts the supply of new homes, making it harder and more expensive to build, which drives up prices for existing properties.
Both of those are the government's fault, because:
- they debase the currency through massive & wasteful deficit spending
- they create tons of pointless & stupid regulations
1. The money we use is broken and doesn't hold its value, which pushes people into using houses as a high-yield & relatively scarce savings account.
2. Overregulation of land use, zoning laws, and building codes restricts the supply of new homes, making it harder and more expensive to build, which drives up prices for existing properties.
Both of those are the government's fault, because:
- they debase the currency through massive & wasteful deficit spending
- they create tons of pointless & stupid regulations