And without the investment angle, there’s no bubble.
A bubble isn’t “they’re really popular right now, and there’s a whole bunch of them popping up”. That’s a fad. A trend.
A bubble is always in reference to investments. It’s a pump-and-dump scheme at the level of the whole economy. The housing bubble isn’t because there’s a glut of houses on the market, it’s because people are trying to market houses as an investment opportunity for market squatters and landlords.
And without the investment angle, there’s no bubble.
A bubble isn’t “they’re really popular right now, and there’s a whole bunch of them popping up”. That’s a fad. A trend.
A bubble is always in reference to investments. It’s a pump-and-dump scheme at the level of the whole economy. The housing bubble isn’t because there’s a glut of houses on the market, it’s because people are trying to market houses as an investment opportunity for market squatters and landlords.
Yeah, I’m just saying that I don’t understand the sustainability argument