Housing discrimination - by landlords and by mortgage lenders - played a big part in that too but the key part was always access to jobs
-
-
-
Finance ppl act like the important thing is where you put your money and not getting money in the first place and it's annoying
End of conversation
New conversation -
-
-
Nope. The wealth gap is almost entirely home ownership. The income gap is fairly small, and has been steady for decades.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Over a 100-year period housing prices just barely keep up with inflation -- housing as an investment is an illusion
-
Bought in SFV for 417K in 89; a year after 94 quake, appraised at 260K (no damage). Reached 780K at one pt, now 650K. No guarantees in CA
End of conversation
New conversation -
-
-
"Over a 100-year period" "We've made 150k in 3 years"
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
No doubt. But the point is that a 3 year period isn't representative. If it can increase that much in 3 years, it can decrease the same.
-
There's a reason they call these things bubbles. But yeah, having a free place to live is great.
End of conversation
New conversation -
-
-
When you're talking about generational wealth a 100 year viewpoint seems a bit more important, though?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It's not nothing but I think the point is that relying on that always being the trend is dangerous. It was a key THEN. Now? Who knows?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.