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I think it's largely related to the housing bubble. House prices have risen sharply in the last few decades and more people buy houses as investment.
by beaconstudios 8y ago
I think it's largely related to the housing bubble. House prices have risen sharply in the last few decades and more people buy houses as investment.
- asdff 8y agoWhy would you not buy a house as an investment? If you aren't looking to get a return you might as well rent and have your hands away from the duties and risks of property ownership.
- dragonwriter 8y ago> If you aren't looking to get a return you might as well rent and have your hands away from the duties and risks of property ownership. A couple moves forced by landlords deciding to move in or sell the property to people looking to remodel and flip and you might discover non-investment value to owning your residence. (Renting comes with those and many other risks; essentially all the duties of ownership are risks—risk that the landlord will fail the duty—for renters. Unless the lease terms transferred to the duty to the renter, then they are just duties.)
- asdff 8y agoI guess it comes down to what considerations you value more. Personally, I'd still take the instability because I value the flexibility much more at this point in my life.
- dragonwriter 8y agoSure, people have different priorities; I'm just saying that the idea that the only reason one might prefer ownership is investment value is missing a lot.