Re:Ever-increasing home values are a Ponzi scheme
by cshokie on Monday June 21, 2021 @06:54PM
(#27585604)
If homes are a profit-seeking investment then supply and demand would incentivize lower supply. If new houses cannot be built, but the demand is the same or increasing, then prices must rise. The profit motive directly leads some people to fight against new housing.
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Re:Ever-increasing home values are a Ponzi scheme
by jvfujnvxvcd on Monday June 21, 2021 @07:06PM
(#27585702)
Quite frankly I don't think any of you in this thread have any idea what you're talking about
Re:Ever-increasing home values are a Ponzi scheme
by BreakfastB0b on Monday June 21, 2021 @07:10PM
(#27585738)
That’s true! I’m not an economist or a policy expert. I don’t claim to have any answers. I’m just pointing out that profitability and affordability are mutually exclusive goals for housing prices. I leave it to people much smarter than myself to figure out if anything can or should be done.