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73 sats \ 3 replies \ @SimpleStacker 1 Oct \ on: Are Private Equity Firms Really Driving Home Prices? - Bob Murphy - Human Action econ
I'd say they're a symptom, but not the cause.
The cause is rising house prices and growing wealth inequality, both of which are exacerbated by monetary inflation.
Best we can do is lower our time preference and buy a cheap house, without using banks if possible.
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I'm leaning toward this cheap option, despite wanting to take advantage of the debt system
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Bob points to the Fed adding real-estate to their balance sheet as a major driver.
He was responding to calls to ban companies (groups of individuals) from buying residential real-estate. Talk about causing unintended consequences.
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