0 sats \ 0 replies \ @orthzar 7 Mar 2023 \ parent \ on: Maybe Treating Housing as an Investment was a Society-Shattering Mistake bitcoin
FWIW, the primary beneficiaries of rising housing prices are local governments who collect property taxes based on the value of the property. With housing prices at an all-time-high, cities all over the planet have been able to borrow a lot of money. And when housing prices start falling, cities will go bankrupt. The only question is how many.