Quote Originally Posted by EyeKhan View Post
So in some part wealth is literally wishful thinking. Faith. Property values kept going up for no good reason other than people believed they would. And those that bought and sold at the right time got to keep that wealth created by the increasing property values. But when people stopped believing, the wealth that was still in the property just . . . went away.... That's fucked up.
Not really, it's more that our view of wealth, or value really, is distorted. Value is relative, but we try and and characterize it as some sort of fixed property.