AND ownership in the USA actually means having a mortgage and giving the bank a lien on the asset which they can then use to collateralize lending 10x more money, which expands the money supply for bidding wars to continue driving up home inflation.
And then you realize that China doesn’t even have property taxes on homes!
AND ownership in the USA actually means having a mortgage and giving the bank a lien on the asset which they can then use to collateralize lending 10x more money, which expands the money supply for bidding wars to continue driving up home inflation.
And then you realize that China doesn’t even have property taxes on homes!