I’m not sure if this comment is facetious or not but
the world financial system also collapses pretty much instantly… The global economy is hooked on to real estate like a crackhead. Any sudden bans like the one suggested is likely to end in a greater and more immediate catastrophe.
As someone that works for a living that’d be a good thing. The parasitic draw the FIRE (Finance Insurance Real Estatr) economy has on my income would cease.
It’d probably take a lot of 401k balances with it. Which is the problem in a lot of economic things, the BS part of the economy is also holding everyone’s retirement effectively hostage. So nuance is needed to get some progress over time.
I’m not sure if this comment is facetious or not but the world financial system also collapses pretty much instantly… The global economy is hooked on to real estate like a crackhead. Any sudden bans like the one suggested is likely to end in a greater and more immediate catastrophe.
As someone that works for a living that’d be a good thing. The parasitic draw the FIRE (Finance Insurance Real Estatr) economy has on my income would cease.
For who? The landlords? Oh nooooo
It’d probably take a lot of 401k balances with it. Which is the problem in a lot of economic things, the BS part of the economy is also holding everyone’s retirement effectively hostage. So nuance is needed to get some progress over time.