It's not differed if you got no place to live in, it's differed if you want to buy a second flat in Manhattan

as I keep telling you its a spectrum in a deflationary environment why buy a house when you can rent? houses just get cheaper anyway why invest capital in starting a business? that money gets more valuable anyway. theres absolutely no reason to believe that a fixed number of monetary units results in some magical Goldilocks zone where only degen super risky investments are discouraged. yes all of that is wiped out and that's a good thing. this is a standard revolutionary problem where the rebels impose their own insane policies because they're highly triggered by the excesses of the legacy system.