...and then whoever sold us the goods turns around and uses those dollars to bid up US assets. Next time you are bidding for a house, take some time to appreciate just how expensive those bit flips have made things.

It did make it easy to raise capital, though, which is nice.

▲ selectodude an hour ago | parent [-]

Don’t blame imports for our sclerotic country banning construction nationwide. Plenty of countries have spent billions on new construction in the US and gotten smoked. The buildings still stand though.

▲ throwaway2037 35 minutes ago | parent [-]

    > Plenty of countries have spent billions on new construction in the US and gotten smoked.

I don't follow here. Can you explain and provide an example?

	▲	nixon_why69 29 minutes ago \| parent [-]
		The point is foreigners reinvesting those dollars into development in the US is... even more stuff in the US in exchange for bits. Yes, it's owned by foreigners and sends cash overseas but all of the economic activity is here and if push came to shove.. they're not exporting the building. It's not all gravy, there are issues with having global capital so deeply involved in the country, but it's better than the alternative, there's a reason Americans live so well and its not because they're all smarter or harder working.