3 ms·
> It is fantastically frustrating, as it makes wealth-building through home ownership impossible TBH this seems more like a feature than a bug. Home ownership
by warning26 4y ago
> It is fantastically frustrating, as it makes wealth-building through home ownership impossible
TBH this seems more like a feature than a bug. Home ownership should be less about investment income and more about, well, owning a home.
- ekianjo 4y agodoes not mean that it's normal that your house value goes to zero, no matter how well built it is.
- asiachick 4y agoyes, exactly the same as your second biggest purchase, Your car. I don't know what the "right" thing is but AFAIK, Tokyo is way more affordable than SF, NYC, London. My guess is that's in part because housing is not an investment so they're is less incentive to lobby for policies that kept it going up.
- ekianjo 4y agoSalaries are way lower in tokyo than sf and london whic explains everything
- Ekaros 4y agoDoes it get any better with age? House or buildings themselves unless very special are depreciating assets and should really be treated as such. Land around might get more demand, but in general house itself won't improve with age.