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Giuliano Giacaglia
@giu
Contrarian opinion: buying a house in some states that are in decline will be one of the worst investments decisions any one can make. Some states in the U.S. are seeing the high end of the population leave the state, plus low natality rate and on top of that the real economy slow down. That’s recipe for a terrible investment
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Max Miner
@mxmnr
💯 I agree. High potential for a brutal reckoning in the housing market. A lot of Boomer generation folks in those states will end up holding worthless bags that they’d always assumed would fund their retirement
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Andy Jagoe
@andyjagoe
actually, housing prices in Japan have gone down everywhere except Tokyo situation in Japan then and US now more nuanced than macro trends
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yangwao ↑
@yangwao
What about European states?
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welter
@fun
"buying a house in some states that are in decline" which states? is it a few big states like california/texas/new york or is it a lot more than that?
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wahoo.eth 🎩✨
@wahoo
agree 500 $farther
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shazow
@shazow.eth
You might be right but it's not reasonable to compare home prices in Japan to basically anywhere in the west. They are designed to have no long term value, to be deconstructed and rebuilt quickly and cheaply, also land valuation itself is quite different too.
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Americanus
@americanus.eth
Going to be some JUICY deals in the future
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Breck Yunits
@breck
I think I'm missing something. is it really contrarian to say "buying [*]... in decline" is a bad investment?
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