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Theoretically the value is being enjoyed by the people moving near you who cared so much about their location that they drove up prices. In practice I’m less s
by 1123581321 5y ago
Theoretically the value is being enjoyed by the people moving near you who cared so much about their location that they drove up prices.
In practice I’m less sure. Regardless, it’s a process that sucks for those already living there. Location/land/home stability are hard values to stamp out of humans.
- kazen44 5y agoAlso, it does not take into account that most people want to live in a place where they belong to a community (usually one they are familiar with). People do not stay in a place purely for economic reasons. Things like being around family, friends and a community is a reason not to move for a lot of people. Sadly, this is something which is hardly taken into account when discussing housing policy.
- 1123581321 5y agoAgreed. Sadly, we will probably never learn to 'price' individual and collective preferences over multi-generational time spans.