Yes, though you did just call them good investments. An investment being good solely because the market is an anti-consumer purgatory isn’t a good investment. The moment the housing market is fixed the investment collapses back to being driven by property location instead of the simple fact that its exists. Not to mention concerns about another housing market crash or recession waiting in the wings.
Homes should depreciate in value, similar to cars, and imagine what would happen if car manufacturers decided they liked the Covid price points and supply constriction, and started treating them like the housing market? There’s more money to be made in ensuring there isn’t enough supply than there is in meeting demand.
I never said it was good. Homes shouldn’t be investments. Ideally, they’d depreciate in value without renovation.
The reason they appreciate in value is we don’t build enough.
Yes, though you did just call them good investments. An investment being good solely because the market is an anti-consumer purgatory isn’t a good investment. The moment the housing market is fixed the investment collapses back to being driven by property location instead of the simple fact that its exists. Not to mention concerns about another housing market crash or recession waiting in the wings.
Homes should depreciate in value, similar to cars, and imagine what would happen if car manufacturers decided they liked the Covid price points and supply constriction, and started treating them like the housing market? There’s more money to be made in ensuring there isn’t enough supply than there is in meeting demand.
I can recognize the reality of a good investment while disagreeing that it should be a good investment.
People aren’t building because they are choosing not to. They’re not building because they literally can’t.