It's stoppable because we have the internet and social networks.
>To bemoan the securitization (not commoditization, for not all real estate is equally fungible) of real estate is, ultimately, to bemoan that certain properties are closer to employment, closer to community, closer to commerce. But this is inevitable.
It could be the other way round.
Using social networks, communities could organize to move to non-established properties. That could make real estate much more fungible.
Instead of going all virtual, Meta should solve the real estate market first. Otherwise, this leaves space for a startup.
>To bemoan the securitization (not commoditization, for not all real estate is equally fungible) of real estate is, ultimately, to bemoan that certain properties are closer to employment, closer to community, closer to commerce. But this is inevitable.
It could be the other way round. Using social networks, communities could organize to move to non-established properties. That could make real estate much more fungible.
Instead of going all virtual, Meta should solve the real estate market first. Otherwise, this leaves space for a startup.