Oddbean new post about login | logout Houses becoming stores of value the way they have over the last 50+ years has decimated the middle and lower classes in the US from having a shot at saving and having property. Houses should not be stores of value. #Bitcoin, degrowth, and breaking up the easy money fiat Ponzi scheme would help this.
100% I'm countries like Japan, houses are actually depreciating assets, like a car or RV. This reflects reality. The scarcity of land is artificially exacerbated by zoning and regulation, to the end of benefiting land hoarders. Investing behaviors of people search of hard assets that resist inflation need to be redirected into better alternatives like Bitcoin that do not have harsh impacts on basic human neads.