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"Investing in housing is GOOD" but speculation in housing is very bad. Having anyone middle class or lower completely priced out of home ownership because the
by Ensorceled 5y ago
"Investing in housing is GOOD" but speculation in housing is very bad. Having anyone middle class or lower completely priced out of home ownership because the upper middle class want "a safe investment" or "the real estate market is HOT HOT HOT" is not good for society no matter how you want to spin it.
- CryptoPunk 5y agoThe secondary market for any asset, whether housing or equity, is what allows the primary market to raise large amounts of capital, so no, speculation is not bad at all. It indirectly leads to more investment in housing construction.