wood for sheep?
this post was submitted on 28 Jan 2024
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I'm in Canada. 25 years ago my parents bought a home for $130k, they sold it 15 years ago for $500k, it's now listed for $1.1 million. We are so fucked.
If you include maintenance and taxes, it actually sold for less than the same amount of money invested in an index fund.
Housing can't be an investment (i.e. exponential growth above inflation) AND an affordable place for people to live for future generations. This mentality is absolutely brain-dead.