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I believe they are generalizing past owning your own home, to owning _other_ homes as a pure investment. I.e. becoming a landlord. Owning your own home wouldn't

I believe they are generalizing past owning your own home, to owning _other_ homes as a pure investment. I.e. becoming a landlord. Owning your own home wouldn't require someone wealthier than you purchasing it -- even if it did not go up in price. When home prices don't rise, purchasing investment properties becomes less lucrative and more risky (where as purchasing your own home remains low risk).

BenFranklin100 4y ago
No I am not ‘generalizing past owning your own home’. I am saying the official government policies that preferentially promote personal, primary residences as investment vehicles are bad public policy. As stated, these policies have manifested in practice as a decades long Ponzi scheme that is built on ever increasing home prices. It’s not sustainable. Younger generations will not be able to afford housing, as we are now witnessing.
- cloverich 4y ago
  Hmm in that case I think your argument doesn't make sense. "Good investment" regarding purchasing your own home is in comparison to renting. The price of the home doesn't need to go up for it to be a good place to put money, nor does it require any sort of "Ponzi scheme". It only requires the total price of maintenance not exceed the price of forever paying rent.
  - BenFranklin100 4y ago
    That’s because twice now you’ve not bothered to read what was actually written. I’m not going to explain the argument a third time to someone who isn’t putting in the effort.
    - cloverich 4y ago
      Of course i could be wrong but you seem to contradict yourself in your first reply (You claimed new landlord policies were paramount, then that you were talking about primary residence ownership where landlordship wouldnt apply?). You then said primary home ownership is a ponzi scheme which I gave an example as to why that seems untrue. I might be wrong here but providing a counter argument supporting why renting should be preferential to home ownership financially would be helpful as that seems superficially untrue.

BenFranklin100 4y ago

No I am not ‘generalizing past owning your own home’. I am saying the official government policies that preferentially promote personal, primary residences as investment vehicles are bad public policy. As stated, these policies have manifested in practice as a decades long Ponzi scheme that is built on ever increasing home prices. It’s not sustainable. Younger generations will not be able to afford housing, as we are now witnessing.

cloverich 4y ago
Hmm in that case I think your argument doesn't make sense. "Good investment" regarding purchasing your own home is in comparison to renting. The price of the home doesn't need to go up for it to be a good place to put money, nor does it require any sort of "Ponzi scheme". It only requires the total price of maintenance not exceed the price of forever paying rent.
- BenFranklin100 4y ago
  That’s because twice now you’ve not bothered to read what was actually written. I’m not going to explain the argument a third time to someone who isn’t putting in the effort.
  - cloverich 4y ago
    Of course i could be wrong but you seem to contradict yourself in your first reply (You claimed new landlord policies were paramount, then that you were talking about primary residence ownership where landlordship wouldnt apply?). You then said primary home ownership is a ponzi scheme which I gave an example as to why that seems untrue. I might be wrong here but providing a counter argument supporting why renting should be preferential to home ownership financially would be helpful as that seems superficially untrue.