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That's precisely the point, to be honest. Treating homes as investments rather than places to live is a significant contributor to their lack of affordability,
by pcrh 1y ago
That's precisely the point, to be honest.
Treating homes as investments rather than places to live is a significant contributor to their lack of affordability, as it creates two demands for the same property.
This phenomenon is not "necessary", but appears to be particularly common in the US, UK and other Anglophone countries, see this chart: https://i.imgur.com/h1CkkNE.png https://i.imgur.com/h1CkkNE.png
- awongh 1y agoYeah it's crazy that everyone in america is like, "I need a place to live" and at the same time is also like, "I get a subsidized loan to make a huge real estate investment, let me balance my decision about where to live with what I want to invest in".
- daft_pink 1y agoI agree with you in a sense, but I also think when you put a lot of of encumbrances on real estate you essentially guarantee that it can only be used for that purpose almost forever until the government intervenes because you could never get the right holders to agree