4 ms·

Equity is a red-herring. People just want a place to live. Developers want equity.

• unethical_ban 3y ago
  A place to live is a base of the hierarchy of needs, but giving away $2000 to someone else for a place to live vs. putting $2000 a month into your own assets is not a red herring. Developers want equity because it is financial security and passive income for them. Regular Joes want it so they don't pay rent in perpetuity; that they may have a place to live in old age without working, among other reasons.
  • pnutjam 3y ago
    As if you can live anywhere without paying in perpetuity. If there wasn't an endless drive to increase the value of homes, this would all be moot.
    • mlinhares 3y ago
      Hate the game, not the players. All my friend's parents that didn't own their homes are completely fucked now that they're old, retired and their pensions didn't keep up with inflation. If you don't own the place you live you're just a rent hike away from the streets.
      • pnutjam 3y ago
        Yeah, I clearly indicated I hate the game.
    • unethical_ban 3y ago
      Paying a small amount for property tax or insurance is different than paying full rental/mortgage each month.