Is recovery really what we want anyway
this post was submitted on 04 Jul 2024
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Housing Bubble 2: Return of the Ugly
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Right? In my mind, the bust IS recovery.
Well, anyone who bought a house in the last few years will.
I don't give a fuck. Stop buying houses as investments. I'd like to own a HOME. I don't want to sleep in my investment portfolio. Everything we own depreciates, but it's just expected the place you sleep should appreciate.
Yes. Also, no more bailouts.
I feel like that's a case of facing the consequences of their own actions. The idea that a house is an investment, needs to die a painful death, as a warning to future generations.
Fingers crossed
I'll believe it when I'll see it
So long as politicians have a monetary incentive to avoid properly regulating housing because they themselves are landlords, it means that the supply and quality of housing will be restricted. Thr value of individual properties will always go up in the long term, but the barrier to entry will always be higher than I can clear. Even if I worked my ass off for a decade, I wouldn't be able to own my own home.
WTF am I supposed to do?