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>>That’s the other thing: real estate is not a guaranteed investment. The types of people the parent is describing don't buy real estate as an investment. They
by enraged_camel 8y ago
>>That’s the other thing: real estate is not a guaranteed investment.
The types of people the parent is describing don't buy real estate as an investment. They buy it as an asset. And for most Americans, their house is their most valuable asset.
So can you not spare a shred of sympathy that they are hyper-conscious about what happens to the value of that asset?
- upzone2 8y agoCan you not spare a shred of sympathy for people who want to live in the city they work in but can’t because property owners won’t let them? Sorry, I don’t have a lot of sympathy for people who actively block building new housing because “screw you, got mine”. (Also, building housing doesn’t just tank the value of your home, trust me.)
- enraged_camel 8y ago>>Can you not spare a shred of sympathy for people who want to live in the city they work in but can’t because property owners won’t let them? Of course I can. My sympathy goes both ways. >> (Also, building housing doesn’t just tank the value of your home, trust me.) I'm not talking about simply increasing the supply of housing. The specific example we are discussing is a new skyscraper blocking the view from an existing one.
- upzone2 8y agoIn which case the property value should be fine. As far as view goes, I believe I addressed that further up (but to recap: thoughts and prayers for people who are so burdened by others having a place to live).