Seems to be both. Housing is a very popular investment
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SpaceNoodle@lemmy.world 1 year agoHousing is a basic need, not an investment.
Kusimulkku@lemm.ee 1 year ago
remotelove@lemmy.ca 1 year ago
Building assets (and options) for retirement is also a basic need. Owning another property, at a minimum, is just a hedge against inflation.
If you have any bright ideas to supplement my retirement in addition to my savings and other financial investments, I am all ears.
I highly doubt that you are going to support me.
SpaceNoodle@lemmy.world 1 year ago
No, you’ve already arranged to have someone else support you.
Feel free to invest in anything that doesn’t extract wealth from people trying to fulfill their basic needs.
remotelove@lemmy.ca 1 year ago
What? I don’t rent. I tried that once and the person caused thousands of dollars in damages. We were renting as a favor and were charging half of what we should have.
When you have a point or a valid argument, let me know.
SpaceNoodle@lemmy.world 1 year ago
So you’re sitting on an empty house while prices skyrocket and 650,000 Americans go unhoused.
mp3@lemmy.ca 1 year ago
It’s gonna be treated as an investment for as long as there aren’t safeguards to avoid it (extra taxes on secondary homes, homes that are not permanently occupied, etc)
The best incentive to free up these houses would be to increase the financial burden of multi-property owners.