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by xphos
39 days ago
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I think there is a huge problem that the American Zeitgeist views houses as the only way to build generational wealth. It turns housing into an investiment and investiments need to be defended (NIMBY) and it puts a perceptional view that if house values are not rising America or heaven forbid going day the economy is in doomsday. The problem with a house as investiment is that, its 1 consoldated undiversifed asset that ruins you if it goes down. Its bad strategy for your children because it makes it so houses will one day be unobtainable this generation or the next. We can try to build it out but I think a lot of the issues with building houses is that we have a shortage of the people that build houses and its a project that is not really DIYable anymore in the places that need houses. (the last point might be a stretch but you know) |
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