• the post of tom joad@sh.itjust.works
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    1 year ago

    On the other hand we want our houses to be good investments.

    I don’t.

    I understand you’re speaking in general terms here but no, i think having housing being tied to investments at all is a terrible idea we’ve just normalized.

    The flip side of course we’ve experienced, like 2008 when the market went sour, putting people out of home and destroying retirement funds

    • nednobbins
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      1 year ago

      I don’t think it’s a good idea either but we live in a society that effectively decided that we do want houses to be investments decades ago. That’s entrenched now and many people bet their life savings on the promise that their house would be a good investment.

      If we change that without taking those people into account they’re all screwed. While some rich people would get screwed in that process a whole lot of poor people would get screwed too.