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As someone who owns a lot of houses, well the mentality that the house is the storehouse of value is not the only thing. My family does not want to live where
by stealthmodeclan 8y ago
As someone who owns a lot of houses, well the mentality that the house is the storehouse of value is not the only thing.
My family does not want to live where anyone can buy up a house. Yes, everyone likes less problems. But your ability to reduce problems depends on the resources you've available.
We want to live in the places where there are plenty of facilities, people rougly having same income level.
It's way easier to join and relate to the people who are at same level as you.
Housing cost is the best way to ensure these emotional aspects.
- closeparen 8y ago>It's way easier to join and relate to the people who are at same level as you. This is a fine reason to want stable housing prices, but when the median resident bought their house for $200k 10 years ago, and the new neighbors are paying $2 million, you're also seeing a huge change in income level and all the cultural baggage that comes with it.