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I'm not saying resale value is irrelevant. I said the primary value of a house is as a place to live. Whereas the entire value of stock is the monetary return.
by _qulr 6y ago
I'm not saying resale value is irrelevant. I said the primary value of a house is as a place to live. Whereas the entire value of stock is the monetary return. There's no material value to stock. Stock is not comparable to material products that you can use and then resell, because there's a lot of value in the use.
- _qulr 6y agoAlso, the housing market — whether or not a house will appreciate in value — depends a lot on location, but a lot of people lack flexibility in where they can live, because of job, family, etc. You can't pick a house the same way you pick stocks, the constraints are totally different. Not to mention that houses are approximately infinitely less liquid than stocks.