• magiccupcake@lemmy.world
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    24 hours ago

    While these investors are absolutely soulless and deserve to be called out, there’s another aspect of this problem that I feel doesn’t get talked about enough.

    If we just built enough housing this problem would go away. And it would be easy if we had a system that allowed people to build new things and undercut competition. But we can’t because regulations make it nearly impossible to make anything other than houses.

    People investing on houses are a symptom of the larger overall problem, of there not being enough fucking housing.

    • Best_Jeanist@discuss.online
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      20 hours ago

      No. Nobody needs a Bitcoin to live, and Bitcoins are still expensive. We have more houses than we need, and housing is expensive. That’s because they’re both being used as ponzi schemes.

      • magiccupcake@lemmy.world
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        13 hours ago

        That’s kinda exactly my point? If someone could print a fuckton of new bitcoins it’s value would drop. The same is true for housing. We may have technically enough housing for everyone, but that means nothing if that housing is not also where people want to or need to live.