Houses aren't there to invest in, they're there to live in. Housing prices being cheaper ought to be good just like food being cheaper
-
-
Replying to @arthur_affect
I think if a drop in real estate values on a time scale of less than ten years seriously affects you, you should've kept renting
1 reply 0 retweets 9 likes -
Replying to @arthur_affect
The advice I was given was to assume you won't be able to sell your house ever and ask yourself if buying it still seems like a good idea
1 reply 1 retweet 12 likes -
Replying to @arthur_affect
Buying with the flip in mind is bad. It's a major personal risk (regardless of what the govt does) and en masse it's bad for society
1 reply 1 retweet 8 likes -
Replying to @arthur_affect
If you bought your house to live in and not to use as a financial instrument then prices dropping is good news! Less property tax!
3 replies 1 retweet 12 likes -
Replying to @arthur_affect
Lower insurance premiums! Less estate tax to pay when you die and your kids get it! (Assuming it's a very nice house)
1 reply 0 retweets 5 likes -
Replying to @arthur_affect
It's like Warren Buffett saying that if you really like a company its stock price falling is good news
1 reply 0 retweets 4 likes -
Replying to @arthur_affect
Just like if you really like hamburgers it's good news if hamburgers get cheaper
2 replies 0 retweets 5 likes -
Replying to @arthur_affect
The fact that weve made home buying investment, not consumption, in people's minds is bad
1 reply 2 retweets 8 likes -
Replying to @arthur_affect
Encouraging people to put way too much money into a house and assume a HELOC will always let them pull it out is very very bad
2 replies 1 retweet 8 likes
The people selling that shit and greatly exaggerating the safety of doing so are a way worse distorting effect than the tax deduction
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.