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That’s exactly… the problem? Housing shouldn’t be an investment, for corporates nor the government.
by yunohn 5y ago
That’s exactly… the problem? Housing shouldn’t be an investment, for corporates nor the government.
- hk-im-ad 5y agoEven if it’s not an investment, housing will likely always have a price ratchet, so it’s still not terrible for the government.
- ryukafalz 5y agoIf the price goes up any more than inflation long-term, we've still got a problem.
- inglor_cz 5y agoOne of the problems of 2021 is that money printers went brrrr with such intensity that some people are losing faith in future purchasing power of their local currencies and stick any free money into bricks and mortar. Also, where I live, the official inflation is now like 4 per cent, but gosh, so many things are massively more expensive than before (food in restaurants maybe 40 per cent, some construction material even 100 per cent more expensive than before), that it makes people distrustful of official figures.
- djrogers 5y ago> Housing shouldn’t be an investment, for corporates If it’s not, you’re essentially going to eliminate privately owned rental housing.
- yunohn 5y agoI’d be really happy with communal non-private rental housing. Corporates already do a bad job, I don’t see why they should make massive money from limited land resources.
- ohgodplsno 5y agoJust like cars depreciating eliminated privately owned car rentals. Oh, wait, no it didn't. Housing is the only thing miraculously protected from depreciation because making it depreciate would hurt chances at reelection.
- yunohn 5y agoThis is a great point. Physical houses deteriorate and get damaged, just like vehicles. But their value /always/ goes up.
- DamnYuppie 5y agoRealestate is a commodity so it is unrealistic to think that it wouldn't have value and it would increase overtime as supply and demand fluctuate.