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A comment on Ask HN: Anyone else feels the commoditization of real estate is unethical?. Parent comment

Re:Ask HN: Anyone else feels the commoditization of real est... by roenxi on Saturday August 13, 2022 @10:39AM (#32450330)
If the speculators are wrong the price goes down and people tend not to complain about them. People only start bringing up speculators when they are correct.
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Re:Ask HN: Anyone else feels the commoditization of real est... by shuntress on Saturday August 13, 2022 @09:20PM (#32455421)
That's why bitcoin is such a good investment: the speculators are right about the price going up.

/s

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Re:Ask HN: Anyone else feels the commoditization of real est... by roenxi on Sunday August 14, 2022 @02:10AM (#32456837)
They were right. The speculators from 2010-2020 were right that cryptocurrencies are going to be a reality from now on. Like it or not, it is clear that there is a market here that is measured in billions of dollars and it is going to stay with us.
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Re:Ask HN: Anyone else feels the commoditization of real est... by shuntress on Sunday August 14, 2022 @02:47AM (#32457026)
Speculation is making crypto impossible to use as currency.

When the speculators run out of bigger fools the bubble will pop.

Crypto can at least just be purely speculative without really hurting anybody but it's not good for housing.

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