this post was submitted on 27 Aug 2023
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Data Is Beautiful

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[–] ConfuzedAZ@lemmy.world 7 points 2 years ago (2 children)

This is what a bubble looks like.

[–] BedSharkPal@lemmy.ca 11 points 2 years ago

This is what a government enabled bubble looks like that has no interest in "solving" the issue.

This was the slowest moving train wreck I can think of.

[–] WaxedWookie@lemmy.world 4 points 2 years ago

With inflating house prices contributing to GDP figures, how much interest do you think the government will have in tanking the market to take from the haves and give it to the have nots?

As with any essential good/service (looking at you, US healthcare) commodiying housing was a catastrophic mistake. The essential nature of it inevitably creates market failure - the consequences of which are plain to see in that graph.