High debt level & high housing prices are two sides of the same coin, as half of bank credits are mortgage loans.
If housing prices go up, you need to borrow more to afford it--> less money for other stuff, weaker economy & higher inequality.
It's happening everywhere in the world. Inevitable when there's high demand for assets and physical things w/ physical utility also serve as assets.
It's happening everywhere in the world. Inevitable when there's high demand for assets and physical things w/ physical utility also serve as assets.
NFT solves this.
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