Global Feed Post Login
Replying to Avatar Laeserin

I read that this is because Americans see houses primarily as tax-advantaged investments, now, rather than homes. Instead of saving money (which inflates), they leverage up to the gills with a gigantic mortgage on the BIGGEST HOUSE POSSIBLE and then they both go out to work full-time to pay back the mortgage.

But then, they're both only home nights and weekends (which they spend cleaning the house, grocery shopping, and washing laundry) and they both need cars and children are a distraction, so the garden is useless, neighbors are superfluous, and the garage is gigantic.

Avatar
inpc 1y ago

De-commodifying housing would be brilliant. House prices are ridiculous and are really sold as boomer retirement vehicles rather than a home with utility.

Reply to this note

Please Login to reply.

Discussion

Avatar
Laeserin 1y ago

Yeah, all the boomers are going to try to sell and downsize simultaneously, so there's a big crash coming up.

Avatar
bum 1y ago

hope ima ready 🙄

Thread collapsed
Thread collapsed