2 ms·
As long as zoning and housing markets remain as dysfunctional as they are, you get to enjoy the benefits of housing going up 20+% per year. Leverage to the hil
by nikanj 8y ago
As long as zoning and housing markets remain as dysfunctional as they are, you get to enjoy the benefits of housing going up 20+% per year.
Leverage to the hilt, get a million-dollar home, keep it for three years, pocket a cool 500k.
Obviously this time it's different, and housing shall continue it's spectacular bull run forever.
- mac01021 8y agoThis is only happening in a handful of cities, though, right?
- nikanj 8y agoPretty much all cities above a certain size, at least in the "west". Not sure how it's on other parts of the planet. Populations are migrating to cities en masse, which creates huge demand for city housing. And most cities haven't really been keeping up with the supply side since the 1930s or so.