A Boring Dystopia

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givesomefucks@lemmy.world

U.S. home sales fade in June as national median sales price hits an all-time high of $435,300 (www.nbcnews.com)

submitted 4 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] shalafi@lemmy.world 5 points 4 days ago

Insanely short sighted. Home ownership is the #1 path to economic gain for most of us. Take that away, we have less money to spend and that ain't good for capitalism.

And yes, when this pops 2008 will be a fond memory. Houses simply aren't worth that much, not even close. Got our Habitat for Humanity home at cost, pretty small 3br/2ba, fairly large yard. Total cost to build and buy the land? $80,000.

And BTW, I don't mean appreciation alone. When you own a home you can save and make money in ways that are impossible or impractical for a renter.