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Plenty of people have made more money from home appreciation and downsizing than working. That's a problem imho, but you can't blame others for wanting to do th
by LatteLazy 5y ago
Plenty of people have made more money from home appreciation and downsizing than working. That's a problem imho, but you can't blame others for wanting to do the same thing...
And of course, if you buy in such a market, you are all the more desperate (quite logically) to keep it that way.
- elzbardico 5y agoSure. Don't deny that. I just question the wisdom that on the long run this is healthy or sustainable to believe that houses are always appreaciating assets when usually gains come from asset price inflation not inherent value increase.
- LatteLazy 5y agoThe question is what we replace it with. One of the reasons we bailed everyone out in 2008 was because no one could convincingly sell a model other than keeping on the same as before...