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by geocon 1272 days ago
> Asking for cheap housing, today, is like asking for eating the cake and selling it too.

We don't want cheap housing that appreciates in value so that we can use it as an investment. We want cheap housing that we can live in, period. We are being screwed out of that because other people got cheap housing and then decided it should appreciate forever, and pulled the ladder up behind them.

You are right, though, that it is impossible to have housing be affordable and an investment good. That's why we want it to stop being an investment good.

1 comments

I'd never get into a 30 year mortgage knowingly that after 30 years it'd be less valuable than what I paid.

Therefore, want it or not, mean it or not, the whole point of buying a property is to get something that appreciates in value. Otherwise it'd be cheaper or better to just keep renting.

In order to stop being an investment, we need more houses, both in quantity and diversity. Lower the barrier to entry for everyone, everywhere.

You got value. You have a roof over your head and that money isn’t being burned up completely in rent. The problem is people want to enjoy having a nice house and a large return as well. There is no good coming our way from current asset owners pulling up the ladder to new home owners. Salaries cannot keep up with homeowners investment expectations.