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A comment on The Terrifying Reality of Long-Term Unemployment. Parent comment

Re:The Terrifying Reality of Long-Term Unemployment by eli_gottlieb on Monday April 15, 2013 @02:46PM (#5553364)
A house is a very useful durable good. Like automobiles and refrigerators.
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Re:The Terrifying Reality of Long-Term Unemployment by enraged_camel on Monday April 15, 2013 @02:49PM (#5553380)
It's funny you mention automobiles, because nobody buys automobiles as a means of investment (since they lose a ton of value quickly).

As a useful durable good, sure houses have value, but renting accomplishes the same purpose (of giving you a place to live).

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Re:The Terrifying Reality of Long-Term Unemployment by tks2103 on Monday April 15, 2013 @03:01PM (#5553480)
i think he was being sarcastic
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Re:The Terrifying Reality of Long-Term Unemployment by eli_gottlieb on Monday April 15, 2013 @06:22PM (#5554822)
I wasn't being sarcastic. That was my point: houses are a durable good, which means they're not an investment at all and shouldn't be treated as such.
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Re:The Terrifying Reality of Long-Term Unemployment by walshemj on Monday April 15, 2013 @05:17PM (#5554423)
Really some houses are built to last :-) I was looking to buy a place (before I got made redundant) built in the 1790's (Listed building mentioned in peveinser no less) and the farmhouse next to my parents house is 1500's/1600's John Bunyan preached there back in the day
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