Post
Topic
Board Economics
Re: Loans in BTC
by
maker88
on 15/08/2014, 02:14:52 UTC
The price of housing is artificially high because of the whole credit industry.

Before mortgages, you'd have people building their own houses on land they claimed as their own. A homestead. So I think in an ideal world we'd go back to that sort of thing, or something completely new.

https://www.youtube.com/watch?v=Y4WmDoYJhnk

I certainly don't want loans in bitcoin, unless they're non-interest loans - that's where the monetary oppression in the world comes from.

in some areas the price of housing isn't very much at all. in places like cleveland, buffalo, chicago, you can get like a 4bed 2bath house for $30k. but then in boston the same house is 2.3 million  Cheesy