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Ignoring what the value of a currency may be I wish buyers would reject bad prices. I really care about what the actual cost of a thing is from dirt to package. The companies that market, make and deliver products should make a profit but I'm not buying their Ferrari. Capitalism start with "No deal, not at that price."

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Problem is the amount of money people will pay for a place to live is unlimited.

If people would take 300 year mortgages that would put your kids into debt bondade if thry could

A 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a house. Ten years into a 30 year mortgage, one will have paid something like 60% of the total interest on the loan.

Capitalism begins to break down when the primary driver of purchasing power is availability of debt. Long term debt is particularly antithetical to the efficiencies promoted by a free market.

Add on the fact that a quasi-government body is the primary provider of that debt and not just through the central banking system but in many cases direct to consumers.

Sounds less like capitalism breaking down and more like a regulatory issue.. could fractional reserve banking exist in a competitive banking sector w/o a central bank?

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