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I commented this previously, but simply owning-and-then-selling a house should not be a good investment. What you do with it is supposed to make it a good inves
by adverbly 5y ago
I commented this previously, but simply owning-and-then-selling a house should not be a good investment. What you do with it is supposed to make it a good investment.
This idea that investing means squatting valuable assets needs to die.
Save on rent, farm, rent to others, make a shop... preventing others who would put the land to better use is doing more harm than good.
- Ericson2314 5y agoSo if you turn your house into an apartment, you should come out ahead, but this only works if enough population growth (including immigration). Still a pretty bad investment. There are increasing returns to density, but they don't show up quick enough to defeat NIMBYism on the margins. The margins, of course, are where NIMBYism thrives. No one likes moving!