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by x0xrx 518 days ago
Do you not see how insane it is to at once 1) demand cheap housing and 2) demand it increases in price at breakneck pace?
2 comments

I am not demanding cheap housing, I was only commenting on so you own a house, it makes basically no return, now what?
I'm saying that if they find a way to keep houses affordable to buy, they can't be viable investments. The US makes for a decent home investment market. You usually see a house price double every ~10 years once it's in a desirable area.

Btw, was your 40% increased house purchased 20 years ago? If so, that's effectively a loss, and I'm not even sure about the one that doubled. 5-10 years would be different.

Exactly, it's like complaining that gold is unfairly expensive. Those lucky Boomers got to purchase it at $40/oz in 1970 ($350/oz in 2025 money), now it's $2600/oz. I should be allowed to buy gold for $350/oz so I can profit like they did.
in 2050 when it is $13,764/oz kids will be complaining you got to buy it for $2,600