Comment by Schiendelman

2 days ago

What if the housing crisis is what's causing wealth inequality? Piketty's data pointed to this.

Definitely is a negative feedback loop. So I expect the trend to accelerate as long as foreign investment keeps flowing into the US in the same rates

  • Other than people claiming it, what actual evidence have you seen that foreign investment would be a problem if we weren't restricting housing supply?

    • If it is just internal money the bubble will burst. If you have the entire world pouring cash to bid on us real estate it can really go to almost infinity

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