4 ms·
Housing prices haven't been based on the underlying asset for decades. An expensive home is a place to live and sleep, but it's also: 1) a ticket of admission
by rrrrrrrrrrrryan 7y ago
Housing prices haven't been based on the underlying asset for decades.
An expensive home is a place to live and sleep, but it's also:
1) a ticket of admission into a good school district
2) a ticket of admission to a local economy with well-paying jobs
3) a retirement investing account
I do think changing the way schools are funded will help the first point, and the rise of remote-work will help with the second point, but as to the third point - who knows. There are too many government incentives to buying a home that I don't think it'll change any time soon.