this post was submitted on 03 Dec 2023
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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.