Throughout the rich world, the young are falling out of love with cars

Re:Throughout the rich world, the young are falling out of l... by dymk on Friday February 17, 2023 @09:55AM (#34835329)

> there is little to no reason to strap myself with long term responsibilities

equity, retirement

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Re:Throughout the rich world, the young are falling out of l... by bootsmann on Friday February 17, 2023 @10:09AM (#34835506)

Stocks are better for that in every way. If you buy a house you are dependent on political will to arbitrarily keep house prices high while for stocks the political incentives for growth are guaranteed to go in your favour.

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Re:Throughout the rich world, the young are falling out of l... by dsfyu404ed on Friday February 17, 2023 @10:45AM (#34835936)

You don't need the value to remain in any one place. You just need your house to not tank relative to the rest of them so that you can leverage up when you get rich and develop a fetish for "good school district" and downsize when the next is empty.

It's a store of value, not an investment. The goal isn't to get rich. It's to not have to pay rent in retirement (yes, I know property taxes).

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Re:Throughout the rich world, the young are falling out of l... by karim on Friday February 17, 2023 @11:07AM (#34836327)

Especially given current population trends — there are no guarantees you'll be able to sell your house for much more than you bought it in 30 years.

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