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I never understood it before taking nostr: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 's principles of economics course. You're right. The Austrian perspective suggests that stable, unmanipulated interest rates would lead to housing being valued primarily for its use-value rather than speculation. A more stable housing market emerges when homes are built based on genuine demand for shelter rather than artificial investment incentives.

This aligns housing with its fundamental purpose: providing shelter and community, while avoiding the boom-bust cycles that make housing increasingly unaffordable for actual residents.

dshf 11mo ago

I hope the time comes when my grandchildren ask me: grandpa, tell us those silly stories from the past.

Then I would be like: I lived in times when people were storing their savings in houses.

Kids: Houses, but gramps we do that even today.

Me: No, not like that. Not keeping savings at home but literally buing several estates for the saving purposes.

Kids: You’re kiddin’ grandpa. No one would ever do that. This is stupid.

Me: Yeah, but what you do when your money is broken abd looses value every day. These were the times.

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