• turnip@sh.itjust.works
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      5 days ago

      People speculate with cheap mortgage debt, nobody is spending their own money.

      They could also just as easily be speculating that the currency will inflate and it will debase their debt, as the Fed does QE.

      • umbrella@lemmy.ml
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        5 days ago

        what? people speculate with real estate. theres more vacant homes than homeless people in quite a lot of major cities around the globe.

        they are bought up to appreciate and/or serve as permanent captive rent money.