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by arcticbull
644 days ago
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Ah yes, I left that out but it's amazing how people continue to want housing to be both "affordable" and "a good investment" when those are fundamentally antithetical goals. A good investment gets less affordable over time. |
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It's totally possible to have housing be "affordable" (i.e., condos, apartments in multi-unit complexes) and "a good investment" -- buildable land close to amenities/jobs/etc. rises in value, and so selling to a developer who will add more units on that land can net the owner a solid profit.
The contradiction appears when you want the same units (i.e., SFHs in perpetuity) to be both affordable and appreciate in value.