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> I wouldn't put a house into the category I understood the parent comment to talk about: it's not consumption, it's an investment A house is a terrible invest
by ZephyrBlu 6y ago
> I wouldn't put a house into the category I understood the parent comment to talk about: it's not consumption, it's an investment
A house is a terrible investment. I don't understand why people are so obsessed with them.
The only reason I can think of is that there's something very human about your house being yours.
- cpach 6y agoIn some markets, finding an appropriate rental at a good price is nearly impossible. So instead of renting, people get a mortgage. Which can be a very reasonable decision as long as the mortgage isn’t a crazily high multiple of your yearly income.
- mattmanser 6y agoHere in the UK, any one who said this any time in the last 20 years now looks a complete fool. Including me. I said this 20 years ago, I said this 15 years ago. But house prices just went up and up and up. Houses you could buy for 20k are now worth 160-200.