alt Hacker Newspeople call buying a house to live in an investment but that's because they don't know the technical term is a "hedge"
so you know: most localities do treat the house you live in very differently from a tax perspective than they do any additional properties you might have, because everyone is born short housing, until they own 1 place to live.
so yes, the proposed bailouts up thread would be for people who bought a house because they didn't want to be short housing; a hedge, not an investment.
also if the house has hedges then your hedges are a hedge. I'll see myself out
Replies
Buying a house is investment. Living in a house you own is consumption.
These are two distinct things that are coupled through life choices. It's a real pity that tax regulations are different just because you make individual life choices.
Many people have places to live without owning a house. Me for example!
Buying a house is more than an "investment" though: It's achieving the American dream. And while this dream might have been a farce, it's like everything else in that you hear it enough combined with not understanding the economics and policies underlying home ownership and the lie is reality.
And let's not even get to your point about hedges. I don't know many people that can define it let alone consider housing as a hedge.