Re:The U.S. government’s failed 1890s attempt to forge unity...
by reedjosh on Friday June 11, 2021 @03:10PM
(#27477294)
Housing is one of the _very_ few ways a peasant can leverage debt beyond his means to hedge against inflation.
There's no other way I could take out a loan for > $100k to buy an asset. Since leveraging dollar debts to assets is the only sane thing to do in an inflationary regime, it's no surprise that housing has become ridiculously overpriced.
Buying a house is the only way an average person can utilize financial techniques of the wealthy. Namely leveraging dollar debts against an inflationary hedge.
There's no other way I could take out a loan for > $100k to buy an asset. Since leveraging dollar debts to assets is the only sane thing to do in an inflationary regime, it's no surprise that housing has become ridiculously overpriced.
Buying a house is the only way an average person can utilize financial techniques of the wealthy. Namely leveraging dollar debts against an inflationary hedge.