me_irl

4640 readers

316 users here now

All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _

founded 1 year ago

MODERATORS

herrwoland@lemmy.world

929

me🏠irl (lemmy.world)

submitted 9 months ago by robocall@lemmy.world to c/me_irl@lemmy.world

75 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] nifty@lemmy.world 2 points 9 months ago* (last edited 9 months ago) (1 children)

Your house didn’t increase 50% in four years, that’s the kind of unrealistic investment expectation that makes the housing market unaffordable. That’s not going to get fixed no matter how many houses are built. People ask unreasonable amounts of money for their shitbox (not saying your house is a shitbox) even if it’s on a bad piece of land. I am not sure what’s the solution for this other than teaching people critical thinking skills for objectively evaluating things.

But an “easy” one for a separate but related problem: corporate investors need to be legislated out of owning single family houses.

[–] Trainguyrom@reddthat.com 1 points 9 months ago (1 children)

Except many housing markets have been doing exactly that for the past decades. Also with the period of hyper inflation we went through easily means the house has gained about 30% value purely through being a durable good that holds it's value with inflation. Another 20% due to the crazy '21-'22 housing market plus general "most houses gain value" housing market is not hard to believe

[–] nifty@lemmy.world 1 points 9 months ago* (last edited 9 months ago)

Hmm, 50% in 4 years? I haven’t seen the data so it’s hard for me to say either say. Maybe you’re right.

Edit: or if you’re going to make claims, then the onus of providing data and facts is on you, I think. OTOH, with crazy trends like NFTs and speculative stocks, I don’t know what to believe.