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A comment on Ever-increasing home values are a Ponzi scheme. Parent comment

Re:Ever-increasing home values are a Ponzi scheme by xienze on Monday June 21, 2021 @07:37PM (#27585986)
> You shouldn’t be able to make a tonne of money by just buying a house and sitting on it.

Maybe you should instead think of it as sitting on a piece of _land_, not a house. Twenty years ago you bought a house in the middle of nowhere, now because of people moving to the area it’s desirable and thus worth a lot more. Whose fault is that?

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Re:Ever-increasing home values are a Ponzi scheme by mikem170 on Monday June 21, 2021 @09:41PM (#27587012)
One could argue that if the community expanding over a couple of decades is what made a house more valuable then it would be appropriate for the community to receive the profit, and not the home owner who just sat there.
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