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Unfortunately we taught a generation that housing was an investment platform rather than something you primarily get utility out of.
by bandrami 10y ago
Unfortunately we taught a generation that housing was an investment platform rather than something you primarily get utility out of.
- dragonwriter 10y agoThat's been a common belief for several generations, not something that was taught to one recent generation alone.
- mywittyname 10y agoI disagree. Previous generations valued housing for its utility: it's a place to live. The land would be seen as an investment if it was used for farming. Gen-X came of age at a time where housing was viewed as an investment to make money on. The idea of buying a house with the promise of selling it later to make a profit is very modern. My great-grandparents and grandparents all owned one house and lived it in for the majority/entirety of their lives, so the value of he house was inconsequential to them. My parents and their siblings have mostly owned multiple houses. They never moved for pragmatic reasons, like relocating for a job. Instead, they took to the modern notion of "starter homes", where a family continues to move up to a better house by "using the profits" from the sale of their previous home.
- dragonwriter 10y ago> Gen-X came of age at a time where housing was viewed as an investment to make money on. Yes, because the idea was established when the leading edge of the Boomer generation was young adults and became dominant fairly quickly. So, it's been a common belief for three generations that have reached adulthold. Hence, my statement in GP.
- JBlue42 10y agoUgh, "starter homes". Someone saying that about their most recent purchase usually tells me all I need to know about them. American over-idealism at its finest.