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Tayyab - d/acc
@tayyab
One of the biggest issues with housing is that we’ve sold housing as an appreciative asset when it’s really a consumptive good. We cannot drive down the cost of housing without eroding people’s wealth. There is not a popular solution. But the dam will break, inevitably.
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Omar
@dromar.eth
Yup Buffet has some great talks and mentions of this in his letters. To the extent that he feels renting for many people may be a better option vs buying if it suits their finances. I do think owning a modest home or land is vital. Just doesn’t have to be beyond means/mega mansion. But having rights to a piece of land ensures one’s basic needs are met and not a recurring cost if times change.
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