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>The main reason this is likely to be bad financially is that your house won’t appreciate like a house in Seattle. So the only solution then is endless appreci
by blntechie 5y ago
>The main reason this is likely to be bad financially is that your house won’t appreciate like a house in Seattle.
So the only solution then is endless appreciation of house prices and salaries?
- jshen 5y agoThat’s how our economic system works. It’s also the only possibility if population continues to grow. There are no silver bullets here.
- blntechie 5y agoIt’s simply astounding to me that if someone runs for an election saying they will reduce home prices, they are guaranteed to lose as land and homeowners simply don’t want that to happen. They don’t care about people who don’t have homes or simply cannot afford to even rent but only about protecting their ‘investment’. The whole setup about HOAs, bylaws, zonal regulations etc. all written around protecting the ‘investment’ instead of just seeing a home as a place to live exacerbates the problem. There actually are several silver bullets to use like - efficient use of land, better zoning regulations and including more use of land to build more homes etc. but they are all non-starters because of greedy land and home owners.