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Hits me right in the feels
(lemmy.world)
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this post was submitted on 19 Dec 2023
961 points (98.9% liked)
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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
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.
Houses aren't an appreciable investment, the land is. Look at what happens to the values on mobile homes.
If only we can have land value taxes😔
You do, they're just extremely poorly applied and mostly undervalue weathly neighbourhoods and overvalue poor ones 👍
What if I just wanna stop paying rent? Is that a worthy enough reason to want to buy a house?