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Yes it can. It would be a better investment for me to buy a cheap house then to rent an apartment at the same mortgage/rent even if the house never increased in
by nightfly 7y ago
Yes it can. It would be a better investment for me to buy a cheap house then to rent an apartment at the same mortgage/rent even if the house never increased in value over time.
- nerfhammer 7y agothe article means "good" for society, long-term
- sokoloff 7y agoStart a multi-turn game at any point. Some players start with varying amounts of money and some players start with or choose to buy property on the first turn. On subsequent turns, the property has either gone up by more than the average player is able to save (making it less affordable to those players who don't own it, while simultaneously making it a good investment for those who do) or it has not. If it's to remain a good investment (as we've preached, observed, and generally sought to support), housing affordability is a seemingly inevitable casualty of it. Some would say "the solution is to build much more housing" (which I agree with in general). Those policies, in general, make housing more affordable (the explicit intent), which naturally makes existing housing a worse investment than if that additional housing was not built.