I suppose house prices dropping are pretty terrible if you see your house only as an investment, instead of a roof over your head. I know people who would be fucked in their retirement if they house price falls, because they’ve gambled on their house price climbing enough to carry them through retirement.
I hope they get hurt though. Treating housing as an investment that needs to turn a profit, while people are living on the streets is fucking insane.
Just saving gold has been a realistic option for all of living memory. Nobody needs gold. One is not depriving others of the resources they need to live by raising its price.
I suppose house prices dropping are pretty terrible if you see your house only as an investment, instead of a roof over your head. I know people who would be fucked in their retirement if they house price falls, because they’ve gambled on their house price climbing enough to carry them through retirement.
I hope they get hurt though. Treating housing as an investment that needs to turn a profit, while people are living on the streets is fucking insane.
Just saving gold has been a realistic option for all of living memory. Nobody needs gold. One is not depriving others of the resources they need to live by raising its price.
The same can’t be said for housing.