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Yes, that's what I'm saying. The idea that you can trade up your starter home without getting lucky and having your starter home appreciate much faster relative
by Spivak 2y ago
Yes, that's what I'm saying. The idea that you can trade up your starter home without getting lucky and having your starter home appreciate much faster relative to other homes is daft -- especially when home prices appreciate by percentages the gap is always going to get wider over time. I don't think there's ever been a time where this "starter home" pipeline has ever worked in general.
- falseprofit 2y agoI think they were lamenting the fact that the classes did not appreciate at the same rate, and that the more desirable homes appreciated faster. Didn’t claim not to understand it either.