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A comment on If you sell a house these days, the buyer might be a pension fund. Parent comment

Re:If you sell a house these days, the buyer might be a pens... by CapmCrackaWaka on Wednesday June 09, 2021 @02:07PM (#27451103)
Hmmm this just seems like a bad decision on your part. I bought my house in 2018 and it was expensive, yes, but definitely manageable on my salary. I definitely would not buy a house right now, especially if it required spending 'my entire net worth plus a good chunk of my future net worth'.
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Re:If you sell a house these days, the buyer might be a pens... by spoonjim on Wednesday June 09, 2021 @02:13PM (#27451171)
Almost everyone spends more than their present net worth on their house. It’s great for you that you didn’t have to but I’m not in the minority.
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Re:If you sell a house these days, the buyer might be a pens... by granshaw on Wednesday June 09, 2021 @02:16PM (#27451208)
It's a vicious cycle – OP and others are forced to commit most of their wealth to own a home because of all the NIMBYs that came before them, and on and on.
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @02:23PM (#27451287)
Nah... That's just ignorance.

It's like the American opposition to pedestrianization of blocks. Pedestrianized blocks increase local business footfall and increase high margin economic activity.

New developments in your community increase value of your home, far better than restricting development.

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Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @04:33PM (#27452850)
How's that? Genuinely curious.
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @04:45PM (#27453015)
Opposition to development hurts the homeowners value, a lot.

The value of your home doesn't only depend on the fact that it's in a rich neighborhood with beautiful lawns, but the services and proximity to said services.

NYC is desireable, not because it's a big city... but because you can get services there. Take away the services - you take away all of the value proposition.

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Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @06:34PM (#27454174)
In my area, we have everything around us (big retailers, malls, nightlife, etc.) in the suburbs in a well-off area in South Florida. How would adding more houses appreciate my property's value?
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Thursday June 10, 2021 @12:22PM (#27462462)
More people = more service consumers = more jobs = higher demand for housing = higher demand for services
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Re:If you sell a house these days, the buyer might be a pens... by standardUser on Wednesday June 09, 2021 @02:27PM (#27451333)
For most Americans, if you want to own property you drain most of your savings and take on debt worth many times your annual income. If people did not do this the demand for real estate would crater.
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Re:If you sell a house these days, the buyer might be a pens... by jiux on Wednesday June 09, 2021 @02:12PM (#27451159)
What key metrics do you observe when it boils down to determining whether or not you feel it is a good or bad time to buy?
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