this post was submitted on 03 Dec 2023
1389 points (99.3% liked)
Political Memes
5489 readers
2630 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So you agree that it has nothing to do the subsidiaries on building/buying housing nor realizing Profit but everything with a market that overbuilt housing to the point where there were way too many homes than people looking for a home.
You could subside the first house. You could make no Profit and finish the building projects. You just can't build way too many housing and expect the market to not collapse.
Exactly. But that doesn't make it a Ponzi scheme.