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You lose close to zero money owning land even in down markets. That's why there are vacant lots that cost millions of dollars in every major city. Near-zero car
by estearum 5mo ago
You lose close to zero money owning land even in down markets. That's why there are vacant lots that cost millions of dollars in every major city. Near-zero carrying cost.
There's risk in owning housing and so we should make sure people get rewarded for that instead of rewarded for owning land.
- cucumber3732842 5mo ago>You lose close to zero money owning land even in down markets. You still lose relatively though because the next person with their money in the market made some % Land and real estate assets are generally a poor investment relative to the market without a ton of active management. There are god knows how many millions of people who own land that would be incredibly valuable if not for the civil engineering lobby getting environmental rules and laws written to their favor.