2 ms·
Depressing home purchases might well be a good idea. Right now people treat them as investments rather than mere housing, and as a result that market is thrown
by CydeWeys 4y ago
Depressing home purchases might well be a good idea. Right now people treat them as investments rather than mere housing, and as a result that market is thrown entirely out of whack.
- r00fus 4y agoYou think it’s only people that buy homes? Laughing in Blackrock.
- chemmail 4y agoYes, with "Land Bank" being a big thing now, with people just buying up land and holding it to simply fight inflation, things are just going to spiral out of control one way or another.
- _ea1k 4y agoIndeed, home prices increasing at more than a modest rate is a bad thing for everyone in the long term. Homes should be investments in the same way that a factory or warehouse is an investment. You buy instead of renting in order to fix the cost of doing business over time, not to speculate on potential future values.