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> the implicit promise of housing is that it will never depreciate it's value An asset with infinite growth... very sustainable system we've created isn't it?
by wildrhythms 4y ago
> the implicit promise of housing is that it will never depreciate it's value
An asset with infinite growth... very sustainable system we've created isn't it?
- frankreyes 4y agoI wouldn't say infinite growth. Boom and bust cycles have been the norm in the few couple thousand years. But housing prices are artificially held up because of voters and taxpayers who would vote them out of office if 2008 were to be the norm, it's not a shady conspiracy.