In the United States, housing investment is a speculative activity because : 1. Govt encourages higher home prices because they can avail higher property taxes

In the United States, housing investment is a speculative activity because : 1. Govt encourages higher home prices because they can avail higher property taxes 2. Investment by foreign interests and sometimes this is used to launder money. Leading to inflating home prices resulting in higher taxes. Again, the govt encourages this. The problem here...in the US, at least..is the govt policy and not citizens who simply treat a commodity like real estate as a speculative commodity because that’s what’s offered to them.