Commentary on Housing Prices
On Tue, 15 Jun 2021 13:47:44 -0700 (PDT), Dean Hoffman
wrote:
One of the proposed solutions is state owned housing. Of course,
get the government involved.
https://theweek.com/business/1001518/homes-should-not-be-a-store-of-wealth
There are several houses going up in a nearby town. Two story, with maybe six bedrooms and six baths or whatever. And there will be two, maybe three, people bouncing around in them. Heck, they need cell phones just to yell at each other.
We have 4000+ sq/ft houses here that are only occupied a couple months
a year by 2 people. The people simply look at it as an investment.
Other than during a short downturn in 2008-10, the investments are
solid too. If you could afford to keep your extra houses through that
dip, you are whole again plus a nice return on your money if you
avoided the irrational exuberance 2002-2006 when you bought.
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