• CancerMancer@sh.itjust.works
    9·
    11 months ago

    On that 800k house, it takes a little over 30 years to get 2 million out of it if the house appreciates at 2% per year. Housing in many places has appreciated much faster than that (much faster than the market or any other single thing, including cryptocurrency)

    • yaaaaayPancakes@lemmy.world
      2·
      11 months ago

      And this is why we have a housing shortage. Because it’s in the financial interests of owners to restrict the building of housing.