How housing became the world’s biggest asset class

Re:How housing became the world’s biggest asset class by umvi on Wednesday January 22, 2020 @01:29PM (#22120445)

Well the thing is, even if the value of your house tanks, you still have something. You have a house you can live in.

If the value of your stocks tank, you have nothing to show for it...

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Re:How housing became the world’s biggest asset class by rainyMammoth on Thursday January 23, 2020 @03:25AM (#22125839)

This is a fallacy. The chances that an index fund goes to 5 or 10% of today's value is way lower than the probability your home going to zero. There are plenty of catastrophic events all over the country that happen periodically (fire, tornadoes, flooding,... you also seem to forget that in order to Have your home you still need to pay for HOA, maintenance and... property taxes.

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Re:How housing became the world’s biggest asset class by mrep on Thursday January 23, 2020 @11:42AM (#22129000)

That's why you get home owners insurance.

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Re:How housing became the world’s biggest asset class by rainyMammoth on Thursday January 23, 2020 @10:11PM (#22135069)

And the exact same type of assurance exists for Stocks. It is called hedging your bets.

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Re:How housing became the world’s biggest asset class by closeparen on Thursday January 23, 2020 @09:14PM (#22134767)

That benefit is just like any other investment income. Lots of financial products have a payout irrespective of their market value. Some countries even treat "you can live in your house" the same as e.g. dividend income by taxing imputed rent.

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Re:How housing became the world’s biggest asset class by the_gastropod on Wednesday January 22, 2020 @03:16PM (#22121545)

Well, you have dividends, which presumably can help pay for some of your (likely now lowered) rent?

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