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Would we own homes if they steadily lost value ? I mean the house steadily loses value due to deterioration. But the land appreciates due to scarcity and the a
by foogazi 6y ago
Would we own homes if they steadily lost value ?
I mean the house steadily loses value due to deterioration. But the land appreciates due to scarcity and the available financing.
>affordable for anyone who wants to live here
That doesn’t scale
- Pfhreak 6y agoI'm talking about how, in the transition between housing as a commodity vs housing as a public good there would be loss of value. And I think people still would want to own houses. There's pride in being a homeowner for many. Knowing you have a place that is yours. It does scale, because not everyone wants to live here. Some people want to live in nyc or Miami or Houston or Chicago, etc. There's a finite interest in any location.