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My favorite part of this whole 50 year mortgage thing is the shock that you’d pay like $1.7m for a $400k house over the 50 years while not batting an eye at paying $900k for a $400k house over 30. It’s even funnier because houses don’t have a set value, can change on a whim and have become a path to wealth instead of the necessity that is shelter.

The quality of the materials and the precision of the build has gone down while the prices rise, and everyone’s like “oh this sucks, but the market”.

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BarneyPiccolo@lemmy.today ⁨1⁩ ⁨day⁩ ago
At least cars are considered a valid housing choice these days, which is why car prices are rising.

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- HeyJoe@lemmy.world ⁨1⁩ ⁨day⁩ ago
  Honestly, I thought it is actually not allowed in a lot of states to live in your car.
  
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- ivanafterall@lemmy.world ⁨1⁩ ⁨day⁩ ago
  So that’s why PC cases have gotten so expensive.
  
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MystikIncarnate@lemmy.ca ⁨1⁩ ⁨day⁩ ago
Like stocks, and art, they’re only as valuable as what people will pay for them.

If you want a shelter, you can use sticks and leaves in the forest and build something halfway decent at least. If you want a building to call your home, pay up dickhead.

Meanwhile, people who should be buying are renting, people who should be renting are in airbnbs or living in their cars, and the family dwellings are owned either by some jerkwad who wanted an income property, or a corporation that just felt like owning more land because they could.

I’m so proud of our society. Such progress! Capitalism is great!

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- UltraGiGaGigantic@lemmy.ml ⁨21⁩ ⁨hours⁩ ago
  
  If you want a shelter, you can use sticks and leaves in the forest and build something halfway decent at least.
  
  Wrong, someone owns the forest and your encampment will be destroyed upon discovery.
  
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  - MystikIncarnate@lemmy.ca ⁨14⁩ ⁨hours⁩ ago
    Neat, go build another one down the river.
    
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    TheJesusaurus@piefed.ca ⁨8⁩ ⁨hours⁩ ago
    This is one of the dumbest takes imaginable
    
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- the_q@lemmy.zip ⁨1⁩ ⁨day⁩ ago
  “Like stocks, and art, they’re only as valuable as what people will pay for them.” Except this only takes into consideration what the rich will pay and that sets the “value”. I’m a people and my value for things is super low.
  
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  - MystikIncarnate@lemmy.ca ⁨14⁩ ⁨hours⁩ ago
    Yeah, the market only cares about the maximum that people will pay for it. You’re not offering the maximum, so you’re not important enough for the market forces to care about.
    
    I’m not either, so… We’re in this boat together. You want to row on the starboard side? Or port?
    
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    the_q@lemmy.zip ⁨14⁩ ⁨hours⁩ ago
    I vote we just drift for a while.
    
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