[anon9384929]

This is a silly take in my opinion.

Something never depreciating against its value is simply bad economics. Things will always appreciate and depreciate. I don’t know who promised you this, but it sounds like you got sold a bridge in Brooklyn.

Given that, there are plenty of other ways to save, pass on an inheritance, etc. You don’t need to hoard land so that I can’t live anywhere.

I don’t really care about your 30 year mortgage, respectfully. I probably wasn’t born when you signed it - why do you get to fuck me out of having affordable housing when I wasn’t even born yet to have that fight with you?

[frankreyes]

> I don’t know who promised you this, but it sounds like you got sold a bridge in Brooklyn.

Gold keeps increasing in value, the Mona Lisa too... Econ 101.

I've already partially answer this in another comment but if you think about it: I'd never buy a property with a 30 year mortgage if I'd known it'd lose its value. I'd be better or cheaper to just rent. But then if buying is a bad choice, because what just said, then who we'd be renting from?

I'm with you, that housing should be affordable. But it seems that everyone here forgets basic Economics.

[Valakas_]

What is "value" ?

Is gold more useful now than 20 years ago? More desirable? Has gold as a material been improved?

Most of the increase in "value" is something artificial like inflation / scarcity due to increase in population. But that's not value, that is only indeed economic forces only mildly related to gold itself.

[anon9384929]

If you wouldn’t have bought it with a ridiculous amount of money if it would ever go down, maybe that’s a hint that prices are, indeed, way too high…

Anyways, gold doesn’t go up like you think it does (I recall it spent the better part of a decade getting smoked) and your house in some city isn’t a one off like the Mona Lisa.