2 ms·
> It’s essentially a Ponzi scheme It isn't, at all. The increase in prices is tied to increase in GDP, interest rates and disposable income. Unless you think i
by parineum 4y ago
> It’s essentially a Ponzi scheme
It isn't, at all. The increase in prices is tied to increase in GDP, interest rates and disposable income. Unless you think investing is a Ponzi scheme.
- crote 4y agoThe problem is that this isn't true. Since 1965, home prices have increased 7.6x faster than income.[0] This obviously cannot continue indefinitely (that'd lead to everyone spending >100% of their income on housing), so at some point the price increase will have to stop. [0]: https://www.realestatewitch.com/house-price-to-income-ratio-2021/ https://www.realestatewitch.com/house-price-to-income-ratio-...
- BenFranklin100 4y agoYou’re not even wrong.