this post was submitted on 16 Jan 2024
2497 points (97.9% liked)

Memes

45729 readers
1055 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
2497
Just sayin (mander.xyz)
submitted 10 months ago by fossilesque@mander.xyz to c/memes@lemmy.ml
252 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Taldan@lemmy.world 2 points 10 months ago* (last edited 10 months ago)

Homes don't generate value though. Nothing more is being created by them existing. How can it possibly be an investment generating more wealth when the underlying asset remains unchanged?

It's just a pyramid scheme to expect the same exact home to continue going up in value as an investment. The only possible result is a shortage of housing with unreasonably high prices