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A comment on The $3500 Shirt – A History Lesson in Economics. Parent comment

Re:The $3500 Shirt – A History Lesson in Economics by refurb on Saturday January 24, 2015 @07:36PM (#8941631)
It creates additional demand because the house not only provides shelter, but also takes on the form of an investment. How many people do you know who talk themselves into buying a house because of the potential pay off when prices rise?
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Re:The $3500 Shirt – A History Lesson in Economics by baddox on Saturday January 24, 2015 @08:26PM (#8941732)
I have heard that people do that, but I know zero people who have done it.
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Re:The $3500 Shirt – A History Lesson in Economics by vinceguidry on Sunday January 25, 2015 @12:14AM (#8942123)
My dad tried. Lost a bunch of money.
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Re:The $3500 Shirt – A History Lesson in Economics by pakled_engineer on Sunday January 25, 2015 @04:01PM (#8944234)
It gets worse when foreign real estate speculation is allowed. Where I live most new condo developments are bought out by millionaires in Asia for the sole purpose of making money thus I need $700,000 for a tiny studio.
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