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by argv_empty 2575 days ago
when the money gets spent either way*

The core of the "bad investment" argument is that the money doesn't necessarily all get spent either way.

renters see little reward or penalty for being poor neighbors

"We have chosen not to renew your lease."

1 comments

> The core of the "bad investment" argument is that the money doesn't necessarily all get spent either way.

Yes but that is part of the problem with the argument: it basically assumes perfectly rational actors who never cheat contributing to their index fund so they can go do/buy whatever. It’s a lot harder to just not pay your mortgage one month.