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I'd say that most people do not buy a house for the investment. They actually live in it and any value appreciation is a side-effect. A pleasant one, but not th

• davidw 3y ago
  Here's a chart of homeowner gains vs developer profits. It's a bit apples to oranges, but it gives you an idea of the scale of who benefits (at least on paper) from the housing crisis: https://oregoneconomicanalysis.com/2021/03/16/who-benefits-from-the-housing-market-graph-of-the-week/ https://oregoneconomicanalysis.com/2021/03/16/who-benefits-f... Ideally, I think, home prices would be fairly stable - neither appreciating a lot, nor dropping in value. Boring. That would also make them a 'bad' investment for corporations looking to make a buck by buying and holding.