Re:Housing can’t both be a good investment and be affordable
by closeparen on Saturday November 03, 2018 @12:49AM
(#18368761)
The presence of other people on neighboring lots does not stop you from living in your house.
Re:Housing can’t both be a good investment and be affordable
by drb91 on Saturday November 03, 2018 @02:12AM
(#18368981)
I think I misunderstood. Why would having a mortgage make it desirable to stop others from getting one? Surely you want to fill the neighborhood as much as possible and create public services—this increases the value of everything. NIMBY on the other hand is completely irrational.
Re:Housing can’t both be a good investment and be affordable
by closeparen on Saturday November 03, 2018 @04:08PM
(#18372193)
Allowing supply to catch up with demand might crater housing prices to quasi-normal levels, destroying ~70% of most Bay Area homeowners’ net worth.
EDIT: clarification