2 ms·

I interpreted the parent post to be more as “sound financial strategy to saving” rather than “good investment” (buying for levered appreciation) Would also not

• Ericson2314 5y ago
  > Would also note that housing can be affordable nationally, and unaffordable in some markets given the local nature of housing. True, but if we don't densify (the natural result of that thinking), we'll condemn ourselves to waste inefficiency low growth and environmental destruction. > I interpreted the parent post to be more as “sound financial strategy to saving” rather than “good investment” (buying for levered appreciation). This is still a bit fraught, especially as housing has historically reason too fast. Remember there are net 0 dollars (basically), and saving is a mostly monetary phenomenon. Arguably it's because terrible cost disease in healthcare, education, housing, etc. that people want to save so much in the first place!