Re:How did we create a society where we can’t afford to live...
by friendzis on Friday October 27, 2017 @12:38AM
(#15565755)
> even if you intend to die in your current home, increasing property values are great if
Exactly, certain things can be argued to be either advantageous or disadvantageous, depending on mindset/worldview, focus duration (long-term vs short-term goals), focus population (single individual vs average/median of population), etc. and these are core to public policy making.
And that is my point: attempts to maximize quality of life for a single individual/family for a few years naturally lead to NIMBYs. And they are not inherently wrong - annoying with different focus (e.g. median citizen after few decades), but not wrong.
Re:How did we create a society where we can’t afford to live...
by rahimnathwani on Friday October 27, 2017 @12:24PM
(#15569858)
They're rational.
OT, but:
"Taking actions toward increasing property value are only rational with intention to put the property into market"
No, even if you intend to die in your current home, increasing property values are great if (i) you can borrow against the value, to fund current expenditure and (ii) property taxes don't go up as a result (yay California).
"lifestyle of changing home every some years based on workplace location, family size, etc. one is always in the market and increased real property value is quite favorable"
I think that depends on whether you're trading up or trading down. If you want to buy a place double the size of your current one (e.g. to raise a family), then you'd want prices to be lower. As the differential between the sale price of your existing home, and the purchase price of the new one, would be lower.