alt Hacker NewsAm I the only one who barely knows people who think of making money by buying a house? In my circles, everyone buys a house to live in it and that's it. Same goes with NIMBYS, never met someone saying: "Don't build here because the value of my apartment/house goes down." What I've usually met, it's people who just been lucky because grandpa, grandma, and/or other very old relatives, usually after WW2, bought large plots of land and they build there something and now their younglings are asking incredible sums of money for rent or selling.
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> In my circles, everyone buys a house to live in it and that's it.
Really? Are they buying the tiniest cheapest apartments or chalets to live in while they save up money to upgrade to something bigger later? Or are they buying the biggest and best thing that the bank will allow? Because I'm mostly seeing the latter. Which means they are using the monetary system to get the best deal they can.
The only people purchasing tiny apartments and houses are doing it to extract rent from others, those places hardly even get out on the market.
Most people want to buy a house or an apartment just to live in, I agree there. But they usually don't have the money for that. They have to pay rent, taxes and other tributes to the non-working class in this global feudalistic system.
Pretty much everyone in my life growing up and into young adulthood preached about how you needed to buy a house because it was an investment you could use as a retirement account. That I resisted this was seen as kook behavior as I kept repeating that your primary residence is not an investment - it’s a lifestyle choice and expense.
Pretty much everyone I know cares a whole lot about how much their home is worth.
Same goes for NIMBY behavior. Plenty of relatives preach about how there needs to be more cheap housing, but whenever they are directly impacted they at least talk negatively about the changes. Almost no matter what they are. From the “nuisance” of too much density, not liking renters in their neighborhood, not wanting subsidized housing near them, or not wanting rural land near them developed on since it ruins their view on walks or whatever. Basically they are for building in everyone’s backyard but their own.