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Ah yes, I left that out but it's amazing how people continue to want housing to be both "affordable" and "a good investment" when those are fundamentally antith
by arcticbull 2y ago
Ah yes, I left that out but it's amazing how people continue to want housing to be both "affordable" and "a good investment" when those are fundamentally antithetical goals. A good investment gets less affordable over time.
- zamfi 2y agoMaybe, but these are primarily antithetical when density doesn't increase. It's totally possible to have housing be "affordable" (i.e., condos, apartments in multi-unit complexes) and "a good investment" -- buildable land close to amenities/jobs/etc. rises in value, and so selling to a developer who will add more units on that land can net the owner a solid profit. The contradiction appears when you want the same units (i.e., SFHs in perpetuity) to be both affordable and appreciate in value.