The problem with an appreciating asset is, that it will have to become less and less affordable to average people, because otherwise it can only maintain its value , keeping up with inflation. We must reach a state, where the value of the houses or the property itself stops increasing over time. That is always a result of relative scarcity. And it will backfire tremendously, when the boomers start dying off. The value has to be in the fact, that you dont pay rent and also can decide freely, how to change and do things around the house.

[–] Uranium3006@kbin.social 2 points 1 year ago

we're approaching the endgame of of the housing as appreciating asset scam, since it's now so far out of reach that newly born people cannot purchase anything at all. this will lead to a slump in demand for housing from anyone but rich investors, who in turn will need to find a way to make their inflated assets turn a profit and fail, since illegal hotels (AirBNB) are being cracked down on and rents that support the asset price cannot be paid by end users either. this will lead to popular desire for policy changes away from the housing as appreciating asset scam since it no longer works either to provide housing or wealth.