4 ms·

I'm down, I have a few properties. No mortgage and inflationary rent means I wouldn't have to work anymore

• eli_gottlieb 5y ago
  I mean, I'd be fine with screwing homeowners too, and I am a homeowner. The Zillow estimate of how much I could charge in rent is several times over my mortgage and HOA payments. The estimate for how much I could sell for is $25k over what I paid, two years ago. You can't tell me my house is making $12.5k/year for literally nothing, while I live in it and repairs accumulate, and tell me that's a sensible way to run an economy.
  • frockington1 5y ago
    Low interest rates and high inflation will pump those numbers up even more. I don't see a way to stop the increase without the debt imploding on itself which the government would never let happen (I'm personally in favor)
  • kazen44 5y ago
    also, the rising real estate prices have detrimental second and third order effects. For instance, birth rates are dropping because young adults cannot afford a house, which in term means they have to rent against higher prices which means they have less income to actually put into the economy. What will we do once we have a generation which doesn't have any wealth and doesn't own a place to live? People who have little to show for it after a lifetime of working while subsidizing those who own the properties they live in is not a situation you want society to be in.
    • EVa5I7bHFq9mnYK 5y ago
      Don't forget that those young people have parents and will eventually inherit their real estate, so they will have something to show for it after a lifetime of working.
      • pydry 5y ago
        Only some of them. And many of those houses will be sold to pay for healthcare.
      • Rodeoclash 5y ago
        Maybe. Remember that the house can be: 1. Split multiple ways due to multiple children. 2. Sold to finance retirement living.