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Doncarlo
How Money Works
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Comments by "Doncarlo" (@doujinflip) on "Can We Make Houses Affordable... Without Destroying the Economy?" video.
That's what China found out the hard way. It didn't matter how many barebone concrete shells sold as "homes" they built, because investment-wise it's the only game in town. So despite having at least twice as many properties as people, upwards of three generations' worth of life savings have to be poured into a single mortgage due to this market setup.
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Singapore too. Something like 3/4ths of people there opt to live in government-built housing.
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Physical mobility is the biggest factor in socioeconomic mobility. The most efficient being a public transit network that lets people move about for less than the overall cost of car ownership before and after the age you can safely drive.
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More entities will just be invented, it's just a paper formality. We'd really have to limit homeownership with non-human individuals on the title.
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Japanese culture doesn't like used homes in general, so it's not a huge shock to force total rebuilds.
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