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I'm sure someone discussed it once, but Pentagon war planners don't set urban planning policy. People like single family homes, people like yards, people want r
by guyzero 6y ago
I'm sure someone discussed it once, but Pentagon war planners don't set urban planning policy. People like single family homes, people like yards, people want racist neighbourhood segregation, people really hated urban centers for a long time in the US. All much better explanations.
- jandrese 6y agoAlso people wanted to start building equity in their home and you largely can't do that in the city because all available properties are rentals.
- jschwartzi 6y agoThe notion of equity as an investment or savings is a pretty modern invention alongside the 30 year mortgage.
- jandrese 6y agoWhat? Passing down property has been the primary form of inter-generational wealth transfer since antiquity. But the bigger issue is that you can't live inside of a 401k. Since housing is a requirement you might as well build wealth while you live in it. Assuming no massive disparity in monthly payments it doesn't make much sense to rent.