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No one expects that resale value to go up. No one suggests that the government creates programs to prop up that resale value. People understand that owning a
by slg 4y ago
No one expects that resale value to go up. No one suggests that the government creates programs to prop up that resale value. People understand that owning a car gives them value and they are fine paying the difference between the purchase price and the resale price for that value. Why should homeownership be different? Why should homeownership not just be free but profitable? It makes no sense other than homeowners were told it was true, demand it be true into the future, and they (now joined by institutional investors) are a powerful voting block.
- yunohn 4y ago> No one expects that resale value to go up. Except until you have a chip supply crunch, and used cars are selling higher than their original buying price.