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In other words, housing capacity is created and "trickles down" to the bottom. If there was such as thing as a $250k house within a few hours drive, I would bu
by supportengineer 1y ago
In other words, housing capacity is created and "trickles down" to the bottom.
If there was such as thing as a $250k house within a few hours drive, I would buy all of them and just sit on them, maybe rent them out.
- crooked-v 1y agoWhat you're missing here is that housing is only a good investment because it's in such short supply. If plenty of $250K houses were available, they wouldn't be doubling in price every few years, and "sitting on them" and eating the maintenance costs would just lose money compared to other investments.
- deleted 1y ago[deleted]