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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by CydeWeys on Monday March 13, 2023 @11:32AM (#35137114)
Depressing home purchases might well be a good idea. Right now people treat them as investments rather than mere housing, and as a result that market is thrown entirely out of whack.
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Re:Joint Statement by the Department of the Treasury, Federa... by jsight on Monday March 13, 2023 @12:11PM (#35137749)
Indeed, home prices increasing at more than a modest rate is a bad thing for everyone in the long term.

Homes should be investments in the same way that a factory or warehouse is an investment. You buy instead of renting in order to fix the cost of doing business over time, not to speculate on potential future values.

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Re:Joint Statement by the Department of the Treasury, Federa... by r00fus on Monday March 13, 2023 @11:16PM (#35146953)
You think it’s only people that buy homes? Laughing in Blackrock.
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Re:Joint Statement by the Department of the Treasury, Federa... by chemmail on Tuesday March 14, 2023 @07:23AM (#35149796)
Yes, with "Land Bank" being a big thing now, with people just buying up land and holding it to simply fight inflation, things are just going to spiral out of control one way or another.
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