I have never really understood how housing could work for wealth-building long term when A) professional investors would obviously take over the best markets & B) rising home values would ultimately mean a continuous backwards transfer of wealth from young families
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Replying to @webdevMason
Yeah but it's even worse. When you decide at a national scale "housing is an investment", you are changing the idea of investment away from fostering productivity, toward fighting over scarcity. This was a deeply incompetent move by the powers that be.
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Replying to @Jonathan_Blow
If you know what the definition of "investment" is, you don't want anything people need to survive to fit the bill
1 reply 1 retweet 56 likes
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