3 ms·
The tone of the whole thing is quite odd. It's like saying "Boomers who won't cash in their IRAs distort stock market", but houses are not just an investment me
by Bartweiss 9y ago
The tone of the whole thing is quite odd. It's like saying "Boomers who won't cash in their IRAs distort stock market", but houses are not just an investment mechanism! Everyone starts out house-negative, so the assumption that people are going to sell down from 1 house to 0 is a bit bizarre. Sure, some might eventually downsize, rent, or move to shared living, but not everyone will. I'm not sure why this is a surprise.
- k3oni 9y agoI agree hence my comment. For me personally i'm looking at paying our main property off and call it a day. No more mortgage, no more bank that can get my house in case something happens etc etc. Plus with no more mortgage and other bank payments your life becomes a bit simpler. The market is sill there for housing, if the market supports new housing they will be built.
- richardknop 9y agoIt becomes a lot simpler once you get the bankers off your back. Being mortgage free and having your own house is very liberating feeling.
- gmarx 9y agoThe way it used to be is you would own a larger house to raise a family. Then your 2 kids would leave and you would sell and buy something smaller and cheaper and often in a warmer climate.