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Maybe the moral point is that housing shouldn't be an investment class?
by hgomersall 2y ago
Maybe the moral point is that housing shouldn't be an investment class?
- s1artibartfast 2y agoHousing is inherently an investment. It take a huge amount of materials and labor to build, and returns value slowly over time. Depending on the inputs and returns, this can either create positive or negative value.
- hgomersall 2y agoOf course we should invest in actual property building, I meant investment class as in asset class - a thing you buy with the hope of capital increase. This is clearly quite different from investing in building houses that results in a new house.