I don't think saying people need to take responsibility for their actions removes blame from the supply side. I think the underlying point trying to be made here is that both are at fault. I mean, with crypto, you are the supply side the moment you buy in, and are just as complicit in the Ponzi scheme as the guy you bought from. Being more ignorant than the other players buys very little sympathy from me when you're both playing the same game with the same information available to you.

I was with you until the last sentence.

When has housing ever not been an asset class?

Real estate is and was the original asset class.

I think "housing" here means "real estate" + "people living inside".

I’m not sure how that distinction makes a difference.

Within the western world, that has always been the primary basis of one’s wealth until fairly recently.