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your largest investment is your home cause you live in strange times when over the last decade the price of housing has ballooned like a big bubble that it is n
by bdangubic 2y ago
your largest investment is your home cause you live in strange times when over the last decade the price of housing has ballooned like a big bubble that it is now. if you lived your “core” years in say 50’s to ‘80’s the house would neither be your largest investment nor your primary source of wealth (guessing you are affluent “white collar”…)
I look at my tiny townhouse that my Dad could built in 6 weekends with his buddies and zillow needing seven digits to display the price and very well thinking “what a fucking real estate bubble we live in currently.”
- disgruntledphd2 2y agoI don't think this is true. Housing has basically been around 50% of total wealth for the past 50 years or so. Check out Pikettys capital in the 21st century for far more details.
- Foxhuls 2y agoWhile I can’t speak to which one of you is correct I think it’s worth pointing out that 50 years ago only pushes into 5 of the 30 years that they referred to. I can’t imagine it would’ve jumped to 50% overnight in that change but I still thought it was worth mentioning.
- bdangubic 2y agohttps://observationsandnotes.blogspot.com/2011/06/us-housing-prices-since-1900.html https://observationsandnotes.blogspot.com/2011/06/us-housing... there is a clear point at which one might start thinking about real estate as investment (and it sure looks bubbly). if you bought a house as an investments some decades ago it is not much of an investment and basically a loss inflation-adjusted, no?