5 ms·
It is intended to depress the net worth of middle class homeowners.
by nsxwolf 10y ago
It is intended to depress the net worth of middle class homeowners.
- douche 10y agoHow so? Zillow shows my house as being worth 50k more than I paid for it 11 months ago.
- 1stop 10y agoInformation asymmetry sometimes defines an entire market (like salaries!). When you take away that asymmetry you change the market. I don't know if that's a good or a bad thing, but I assume that is what the GP is getting at.
- obmelvin 10y agoHow do you know your house shouldn't be worth even more? I'm not actually saying that it is or should. I don't have a clue where you live or what percentage of the total value 50K is, but that doesn't mean much.
- JimmyAustin 10y agoNever assume malice when a shitty model will suffice.
- Chris2048 10y agoThat's what the oligarchy say.
- justratsinacoat 10y agoSufficiently advanced shittiness is indistinguishable from malice.
- eru 10y agoLower land values would be exactly what California's premier areas need to make homeownership affordable to the middle class again.
- galdosdi 10y agoYou don't need cheap land to get cheap housing. It is possible to build buildings with many floors.
- DominikR 10y agoHow do you know that this is a fact? This is a serious accusation that you make here.