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A comment on Americans still think they can make money flipping houses. Parent comment

Re:Americans still think they can make money flipping houses by ryan93 on Saturday July 09, 2022 @09:33AM (#32034936)
You have to get government approval to build. What are you talking about?
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Re:Americans still think they can make money flipping houses by gonzo41 on Saturday July 09, 2022 @11:34AM (#32035991)
The government should have disincentivized using houses as an investment vehicle.

Houses are for families to live in. The primary asset houses should provide are the family and the work they do, not the house. But if a house costs so much money that the family can't really take risks, then the house just becomes a debt prison.

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Re:Americans still think they can make money flipping houses by s1artibartfast on Saturday July 09, 2022 @11:59AM (#32036302)
However, you can't ignore the fact that homes have real tangible value and limited supply. As long as this is true, they will be a store of value.
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Re:Americans still think they can make money flipping houses by aaaaaaaaata on Saturday July 09, 2022 @03:42PM (#32038576)
> limited supply

You can build 8-15 new houses in about a month for what it costs for one outside of LA.

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Re:Americans still think they can make money flipping houses by s1artibartfast on Saturday July 09, 2022 @04:58PM (#32039241)
sure, but they wont be outside of LA. Land and location are part of what goes into the housing supply and you cant ignore that.
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Re:Americans still think they can make money flipping houses by hackerfromthefu on Sunday July 10, 2022 @12:38PM (#32046228)
Prior to housing being investment vehicles and superannuation/401k .. most people had no money in old age.
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