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Houses are primarily for living, not investing. Their main purpose should be to provide shelter and a home, rather than serve as a financial asset. Viewing homes solely as investments can distort the housing market and make homeownership less accessible.

Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 11mo ago

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.

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Discussion

Orthodoxtr 11mo ago

Amen! Most homeless people have no clue about how the incentives are set now, they just want a home to live in. It is the responsibility of people who set the rules of the economy to set things up so no one ends up on the streets without a house to live in.

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.

I really hope we have a chance for such discussions.

Parallel Structures 11mo ago

Remove government interventionism.

Time Chain 11mo ago

Saifedean Ammous did a fantastic job explaining his concerns about the hoarding of capital goods over sound money in episode 258 on his YT channel. Too much capital pumped into stocks has no real productive use. Capital goods (i.e. our modern stock market) are over valued and lousy substitute for a digital, peer to peer, monetary commodity like bitcoin.

Bravo to Saifedean Ammous, can't wait for him to start his blog on niche, but important topics for the advanced thinker.