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snovv_crash
40 days ago
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True Rate of Unemployment
How will they use it as collateral if it has no value upon sale?
Similarly, why would the next place be expensive if it couldn't be used as a speculative asset?
pmontra
40 days ago
[–]
I guess that it can be rented or built upon. It's easy to imagine renting a field to a farmer but money is money, so why not letting somebody else build flats over one's land?
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Similarly, why would the next place be expensive if it couldn't be used as a speculative asset?