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Do you not see how insane it is to at once 1) demand cheap housing and 2) demand it increases in price at breakneck pace?
by x0xrx 2y ago
Do 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