Home buying is broken. No reasonable person can take on a $300k+ asset that could in dip in value in any meaningful way. So all politics MUST exist to increase home values. Otherwise, they could dip by small %s and cause a financial meltdown for millions
Had me for the first 2 tweets. Lost me afterward. Home values mostly rose at or around inflation til the 70s. I suspect the reason they started accelerating faster was bc the loss of other pieces of the social safety net caused people to double down on real estate to compensate.
-
-
Ah I might be wrong here, I’ve been looking at graphs that tend to start in the 70s.
-
No I think you’re heading in the right direction. But the point should be not to take away even more pieces of the safety net but to replace them with other things that done come at the expense of future generations.
- 1 more reply
New conversation -
-
-
I think policy has to offer a clear alternative default safety net/wealth building tool, if you turn homes into more of a neutral asset.
-
I’d definitely agree, and I’m unclear what that would be. But my guess is that, if people were free to spend their money elsewhere, or to spent their dti ratio somewhere else, would something else develop?
End of conversation
New conversation -
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.