Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
Anechoic
on Sept 7, 2011
|
parent
|
context
|
favorite
| on:
Krugman on BitCoin
A
lot
of that overborrowing was to buy homes, a commodity which (according to conevtual wisdom) always increases in value.
So yes, a lot of that overborrowing was for investment.
Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
So yes, a lot of that overborrowing was for investment.