4 ms·
Do you not believe in supply and demand? What about housing makes it so exceptional that it's something that applies to everything else but not homes? Were inv
by ProfessorLayton 3y ago
Do you not believe in supply and demand? What about housing makes it so exceptional that it's something that applies to everything else but not homes?
Were investors buying 10 cars at a time with low interest loans and regular people forced to buy/lease from them before the chip shortage? Why did cars only shoot up in price when it was difficult to obtain one?
Why does a country like Japan, with its declining population and plenty of housing not have a flood of investors buying tons of homes at once and flipping/renting them back to its population? Could it be because that would make a terrible investment?
That housing is an investment vehicle and not you know, just a home to live in, is the evidence. Homes aren't rising in prices where populations have declined and buyers aren't competing.
- riku_iki 3y ago> What about housing makes it so exceptional that it's something that applies to everything else but not homes? I wrote already: low interest risk free(because of foreclosure) loans. So this is risk free leveraged investment and even with tax benefits. I don't know anything else like that.
- ProfessorLayton 3y agoAgain, this doesn't happen [Edit: Home prices don't rise] where buyers don't compete.