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Why do you hope people don’t use houses as an investment? It’s one of the few investments where: * you can get a huge loan with a tiny interest rate * you ca
by symlinkk 5y ago
Why do you hope people don’t use houses as an investment?
It’s one of the few investments where:
* you can get a huge loan with a tiny interest rate
* you can actually enjoy the investment by living in it
* everyone around you is doing everything they can to keep house prices up and therefore keep your investment growing
I mean seriously, the only other option is dumping all your money in a stock market that you can’t touch and have no control over.
- omgwtfbyobbq 5y agoTo be fair, people don't have that much control over home values either. The biggest reservation I can think of with housing as an investment is that it's singular in terms of economic sector and geography. With the market people can diversify, although there's no guarantee they will. Being able to leverage a small down payment for a more valuable asset can also be advantageous or disadvantageous depending on what the value of the asset does.