John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked Oct. 31, 2022

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Tue Jul 26 16:26:49 +0000 2022

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John Delaney 🇺🇸 @JohnDelaney

@GTS9911 It is relevant. Do you even know what a Ponzi scheme is? It's a money raising scheme built on a fake business. Housing is not a money raising scheme. Nor is it a fake business (as some say crypto is). If he wrote an article saying the Fed has inflated housing, he'd be right. — PolitiTweet.org

Posted July 26, 2022

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John Delaney 🇺🇸 @JohnDelaney

@GTS9911 I will try again. Ponzi scheme is when investors make money on other investors without an underlying business. Housing is as solid an underlying business as any (its real, people need it). Crypto, some would argue, has no utility or at least a limited proven one. Hence the irony. — PolitiTweet.org

Posted July 26, 2022

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John Delaney 🇺🇸 @JohnDelaney

@GTS9911 I have nothing against crypto, think it's interesting and certainly have no contempt of it - I just find it ironic that a crypto investor (which is a very new asset class with limited proven utility) would call housing (the most real and proven asset in the world) a Ponzi scheme! — PolitiTweet.org

Posted July 26, 2022