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Benzinga
Benzinga
Business
Shanthi Rexaline

Musk On Housing Bubble Burst: 'They Dug Their Own Graves – A Lesson We Should All Take To Heart'

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk's eclectic thoughts and views are usually on full display in his tweets. This time around, he shared his views on the housing market collapse. What Happened: Musk's outlook comes in response to a tweet by Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, who goes by the Twitter name Shibetoshi Nakamoto.

Markus noted in the tweet that cryptocurrency was created as a statement against central bank control following the 2008 recession, caused by predatory lending practices, leading to the housing bubble burst, rampant money printing, bailout etc. Musk chimed in with his view that the mistake was assuming that house prices only go up.

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