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I don't see why this is better than people renting and investing their savings elsewhere, which is how it works with apartments anyway. So you own a house, it m
by iforgot22 2y ago
I don't see why this is better than people renting and investing their savings elsewhere, which is how it works with apartments anyway. So you own a house, it makes basically no return, now what?
- bdangubic 2y agowhere exactly does a house make no return, especially in say last decade/15 years? I bought three houses in the last 20 years, one doubled, one up 70% and one 40% (still occupying it)
- iforgot22 2y agoIn the US, not many places. But that's the complaint from some people.
- bdangubic 2y agogive me some places where it is not and we’ll look at zillow or whatever public data there is for a given region. unless we are talking like rural-no-is-around-for-miles perhaps but otherwise properties over the last 10-15 years have appreciated
- deleted 2y ago[deleted]
- x0xrx 2y agoDo you not see how insane it is to at once 1) demand cheap housing and 2) demand it increases in price at breakneck pace?
- bdangubic 2y agoI am not demanding cheap housing, I was only commenting on so you own a house, it makes basically no return, now what?
- iforgot22 2y agoI'm saying that if they find a way to keep houses affordable to buy, they can't be viable investments. The US makes for a decent home investment market. You usually see a house price double every ~10 years once it's in a desirable area. Btw, was your 40% increased house purchased 20 years ago? If so, that's effectively a loss, and I'm not even sure about the one that doubled. 5-10 years would be different.
- iforgot22 2y agoExactly, it's like complaining that gold is unfairly expensive. Those lucky Boomers got to purchase it at $40/oz in 1970 ($350/oz in 2025 money), now it's $2600/oz. I should be allowed to buy gold for $350/oz so I can profit like they did.
- bdangubic 2y agoin 2050 when it is $13,764/oz kids will be complaining you got to buy it for $2,600
- JambalayaJimbo 2y agoIs the only reason you see for home ownership price appreciation? This mentality is what’s wrong with speculative real estate!
- iforgot22 2y agoYes. I don't know how you can buy something and hold it for decades without calling that "speculation."
- JambalayaJimbo 2y agoYou buy it so you can live in it, I am also not speculating when I buy a cabinet that I also hope to keep for decades.
- iforgot22 2y agoLiving in a house doesn't consume it along with the land, hence the investment appeal. You can rent a house if you just want to live in it. I would totally rent a cabinet if that were a thing, but it's not because the value goes to 0 quickly.