Ever-increasing home values are a Ponzi scheme

Re:Ever-increasing home values are a Ponzi scheme by xxpor on Monday June 21, 2021 @06:49PM (#27585574)

Profitable by owning and sitting on an asset != Profitable for a builder to buy land and build a house. You can have one without the other.

[ Parent | on HN ]

Re:Ever-increasing home values are a Ponzi scheme by BreakfastB0b on Monday June 21, 2021 @06:52PM (#27585592)

Totally agree. The government should have a policy goal of keeping house prices stable relative to inflation. But when multiple generations have locked up most of their wealth into housing, it’s unclear how to untangle the whole mess without collapsing the economy.

[ Parent | on HN ]

Re:Ever-increasing home values are a Ponzi scheme by nickcox on Monday June 21, 2021 @08:16PM (#27586325)

Also without losing votes from the people with property equity (i.e. the majority of the electorate).

[ Parent | on HN ]