> Financialization of homes as a personal investment is a BAD thing there's two parts to home ownership Physical asset, which deprecates (or needs a lot of ma

> Financialization of homes as a personal investment is a BAD thing there's two parts to home ownership Physical asset, which deprecates (or needs a lot of maintenance to keep its value) Land, which appreciates, as they aren't making any more The former is fine. If you take a wreck and improve/renovate it and sell it for more than you paid, that's great, should be encouraged. The problem is the land value. Ironically the US tends to tax the physical asset far more than the land.