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Untrue - it often takes the form of: somebody bought a townhome in the city 20 years ago, they use the appreciation to buy a house in the suburbs, they move and
by tomjakubowski 3y ago
Untrue - it often takes the form of: somebody bought a townhome in the city 20 years ago, they use the appreciation to buy a house in the suburbs, they move and keep the city home and rent it out.
- Aurornis 3y ago> Untrue - it often takes the form of, somebody bought a townhome in the city 20 years ago, they use the appreciation to buy a house in the suburbs, they move and keep the city home and rent it out. Renting a home out is still productive. Keeping it empty is not. I was pointing out that people aren't buying two homes in the same city to keep one empty.
- Podgajski 3y agoRenting a home out is not productive. It’s financial capitalism. Is rentier capitalism. There’s no product being made.