4 ms·
It is problematic that household wealth is stored in housing, creating bad incentive that exabacate inequality and accelerating climate change and just making u
by kiba 4y ago
It is problematic that household wealth is stored in housing, creating bad incentive that exabacate inequality and accelerating climate change and just making us a poorer society.
- dragontamer 4y agoSeems to be a different issue than what's being discussed here? Housing prices didn't fall last quarter.
- injvstice 4y agoSomeone just had a soapbox moment. Anyway, from my personal experience, my personal wealth rate of change was definitely negatively affected by the housing market, due to increase in valuations, which turned into a significant increase in real estate taxes. I live in one of those places (Austin) where my house valuation jumped by 120% YoY.
- mdcds 4y agocan you share your logic? claims that housing being valuable leads to "bad incentives", bigger inequality, and overall poorer society aren't obviously true to me.
- systemvoltage 4y agoWhy is inequality bad and more importantly, what levels of inequality are acceptable? What is the objective standard here and what are the criteria/reasons that justify that standard?
- aperson_hello 4y agoIts bad for the ~third of households that don't own housing. But from classic wealth distribution metrics, I suspect it's overall a good thing for inequality (because so many people own their own houses).