this post was submitted on 11 Aug 2026
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Work Reform

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[–] TheOubliette@lemmy.ml 1 points 1 week ago

Individual rich people don't lend the mortgages, it is large financial institutions that do that and then use the equity to do even more gambling. Individual rich people own a few expensive properties, sure, but this accounts for very little of the overall residential real estate "market".

But when nations restrict the financialization of housing, prices flatten or even go down.