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You are wrong, look what ie France is doing with its housing market. No bubbles since it highly demotivates speculations and corporate mega-investments that mov
by saiya-jin 5y ago
You are wrong, look what ie France is doing with its housing market. No bubbles since it highly demotivates speculations and corporate mega-investments that move markets.
There are tons of tools any state has to motivate or demotivate markets. Taxes, rules on primary, secondary and investment residence ownership, same goes for rents etc.
I tend to see a clear pattern here, just like in other topics - folks who are profiting from current situation by already owning see nothing wrong - in contrary, market forces in effect etc. The more the better.
The rest not so much, ie younger generation thrown in the world where they probably will never own their residence, which can be pretty infuriating compared t situation say 20 years ago. There aren't that many more people to explain this. But the move to consider housing more and more as a speculative investment rather than commodity is definitely out there, everywhere.
- noduerme 5y ago20 years ago I was the younger generation and hearing how we were the first generation who would have it worse than our parents, would never have a path to home ownership, and we should be so enraged because the "dream" had been stolen from us. I don't hear a lot of people (like me) defending the fact that it takes a couple decades of work to own a home, and that that's OK and how it should be. I just hear a volume boost on the angry 21-year-old I used to be when I thought I would be deprived of those things. They'll get there. Their parents' generation all have houses and are the richest in history, and are the ones who've driven prices up to inconceivable levels. A lot of this complaining comes from people who've never even rented a room.
- pksebben 5y agoI'm in my mid-30s, and I find this a little bit offensive. There is absolutely a difference in the action potential I need to buy a house vs what my parents dealt with - this is patently not just twentysomethings being upset.
- dd36 5y agoYeah, I don’t think they’ve done much research on historical pricing vs. income.
- ejstronge 5y ago> Yeah, I don’t think they’ve done much research on historical pricing vs. income. Can you share what you’ve learned?
- dd36 5y agohttps://en.m.wikipedia.org/wiki/Case%E2%80%93Shiller_index https://en.m.wikipedia.org/wiki/Case%E2%80%93Shiller_index
- ejstronge 5y agoIf you take a look at the Case Schiller index, to which you’ve linked, it is clearly the case that someone from GP’s parent’s generation would have seen lower Index values than a current home buyer. What are your other arguments?
- dd36 5y agoI think maybe it’s better to demonstrate a counter argument as I don’t know a single data point taken in context that doesn’t show housing is the least affordable it has ever been. There was a reprieve with the crash but that’s over.
- overton 5y agoWhy should it take 20 years to own a home?