For individuals and families who actually live in them, a house is a perfectly valid investment with positive side-effects for the overall economy. The issue is with investment firms trading around real estate like it’s candy, which takes housing out of regular use and inflated prices for everyone who actually needs it.
Comment on Hits me right in the feels
LemmyKnowsBest@lemmy.world 11 months ago
EVERYONE NEEDS TO STOP USING HOUSES AS AN APPRECIABLE INVESTMENT. THIS IS WHY THE OTHER HALF OF THE POPULATION ARE HOMELESS. of course wealthy people don’t care about homeless people so this shitty-human-problem will never end, will it
rustydrd@sh.itjust.works 11 months ago
zalgotext@sh.itjust.works 11 months ago
What if I just wanna stop paying rent? Is that a worthy enough reason to want to buy a house?
Kalkaline@leminal.space 11 months ago
Houses aren’t an appreciable investment, the land is. Look at what happens to the values on mobile homes.
MindSkipperBro12@lemmy.world 11 months ago
If only we can have land value taxes😔
MisterFrog@lemmy.world 11 months ago
You do, they’re just extremely poorly applied and mostly undervalue weathly neighbourhoods and overvalue poor ones 👍