Conversation

Something I assumed would make more sense as I got older but still doesn’t really; buying a house as a method of building wealth. I get that it works, and I think largely how, but it still seems strange that our society is *so* focused on encouraging people doing this.
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It’s like a bank account.. that you also live in. Like it kind of gnaws at me trying to answer: how is this different from stories I grew up hearing about a Pacific society that apportioned wealth by agreeing on fractional ownership of large immovable boulders?
How many things would be different in a society where “homeowner” wasn’t a status/achievement, and instead, living in something comfortable and cozy was fine and average and not particularly noteworthy. To borrow language from tech’s brethren; how much GDP would it unlock?
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Replying to and
this is a mostly solid economic analysis but it ignores legal and psychological advantages of home ownership, the ability to modify your space to your needs, etc coupling those with the investment vehicle is a huge problem