No. Nobody needs a Bitcoin to live, and Bitcoins are still expensive. We have more houses than we need, and housing is expensive. That’s because they’re both being used as ponzi schemes.
Comment on Investors are making up the highest share of homebuyers in 5 years
magiccupcake@lemmy.world 2 days ago
While these investors are absolutely soulless and deserve to be called out, there’s another aspect of this problem that I feel doesn’t get talked about enough.
If we just built enough housing this problem would go away. And it would be easy if we had a system that allowed people to build new things and undercut competition. But we can’t because regulations make it nearly impossible to make anything other than houses.
People investing on houses are a symptom of the larger overall problem, of there not being enough fucking housing.
Best_Jeanist@discuss.online 2 days ago
magiccupcake@lemmy.world 2 days ago
That’s kinda exactly my point? If someone could print a fuckton for new bitcoins it’s value would drop. The same is true for housing. We may have technically enough housing for everyone, but that means nothing if that housing is not also where people want to or need to live.
Tollana1234567@lemmy.today 2 days ago
zoning laws, and NIMBYism by rich people are the problem. i think moreso with nimbyism.
starman2112@sh.itjust.works 22 hours ago
Fun fact: there are more vacant homes than there are homeless. By a factor of 28. We have the homes, we just need to let people own them
magiccupcake@lemmy.world 3 hours ago
Yes of course, but how do you propose we get that to happen?
Why are these homes empty in the first place? Are they in the same places where housing is needed?
And even if you could house all homeless people, that still leaves the problem of the crushing expense of housing in many places.