Re:We will never have enough software developers (2020)
by zarzavat on Tuesday June 14, 2022 @08:22AM
(#31738140)
It’s a rather abstract view of making money. Other houses also go up in value. You only make money from the difference between how much houses in your area are going up, and how much houses in the area you want to move to are going up. And that difference may well be negative.
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Re:We will never have enough software developers (2020)
by iso1631 on Tuesday June 14, 2022 @08:27AM
(#31738239)
The alternate is not owning the house and instead paying rent, which means your rent would have to be far lower than the appreciating asset (house) and the cost of servicing the debt (interest part of the mortgage)
That's certainly not the case in the UK. I'd be surprised if it were in the US
Re:We will never have enough software developers (2020)
by whimsicalism on Tuesday June 14, 2022 @11:26AM
(#31740876)
The primary reason buying a house is better is because the government has put it's thumb on the we scale to allow you to leverage the fuck out of your assets.
If you could get a loan of the same amount and yolo it into the stock market, I am not sure buying a home would come out better.
Re:We will never have enough software developers (2020)
by lmm on Tuesday June 14, 2022 @11:38PM
(#31748856)
There's another piece of government interference that's a lot more relevant: it's a lot easier to get legal permission to start a company than to build a house anywhere remotely desirable.
Re:We will never have enough software developers (2020)
by quickthrower2 on Tuesday June 14, 2022 @09:20AM
(#31739023)
If you live in a major metro area it is the opposite: the price of where you want to live to escape the rat race gets relatively cheaper