Re:U.S. Housing Market Is Nearly 4M Homes Short of Buyer Demand
by bluGill on Friday April 16, 2021 @02:00PM
(#26837149)
Only true if the house was over valued. Otherwise the house should more or less pace inflation, but you get to live there.
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Re:U.S. Housing Market Is Nearly 4M Homes Short of Buyer Demand
by vkou on Friday April 16, 2021 @04:02PM
(#26838463)
The house is obviously overvalued in dollars, compared to that same house to a world where construction was happening.
Unless you mean to tell me that the cost of housing is the same regardless of whether or not construction is happening... (Which would be a truly odd claim.)
Re:U.S. Housing Market Is Nearly 4M Homes Short of Buyer Demand
by bluGill on Friday April 16, 2021 @05:09PM
(#26839110)
Err, yes, compared to a world where construction was happening.
Re:U.S. Housing Market Is Nearly 4M Homes Short of Buyer Demand
by vkou on Friday April 16, 2021 @09:21PM
(#26840824)
So what you're saying is that housing can only be one of 'available to people', or 'a good investment'.
The thing with good investments in that in a world of low interest rates, prices for them get inflated, as mountains of cash are trying to find some place to go.
Re:U.S. Housing Market Is Nearly 4M Homes Short of Buyer Demand
by bluGill on Saturday April 17, 2021 @08:13AM
(#26843691)
No, because a house as an investment is a hedge on inflation and a place to live rent free once it is paid for. As such the return on investment calculation is different than other investments.