Why did homes turn into investments?

>>129548322
Why not. They're a major asset. In fact, homes are the largest asset most people own.

>>129548322
because of mass immigration

>>129548322
cause they appreciate over time. fucking duh

>>129548411
That's great if it's the only home you own and live in, but there are people who own multiple homes just to flip it.

>>129548322
Because all profit from rent isn't taxed at 100%, and it should be.

>>129548575
Flippers aren't a majority. Most real estate investors rent their shit out. That's how they get money.

>>129548322

diversification concerns coupled with and easements in lending. Also that Bob Kiyosaki book that every fucking retard ended up reading and taking as fact.

>>129548322
added age adds value
a house that survives the revolutionary war, american civil war, and both world wars have more value than a home built a few years ago with 0 history.

>>129548322
>>129548411
>>129548474
>>129548575

High schoolers detected. You're all fucking idiots.

Let me help you:

>Real estate is now a liability not an asset (look at property taxes/insurance/maintenance fees in your state and also the direction they are headed)

Given the US current property tax rates, a 150,000 dollar house could be paying 10,000 in property taxes EVERY YEAR. That's not including maintenance. Property rights are virtually nonexistent. We don't own anything.

>Immigrants technically "help" real estate markets

(((Developers))) love immigrants. They slap together a bunch of shitty 150,000 dollar homes and sell them to poor spics and niggers.

>>129548322
nigga why you posting Boston streets

>>129549121
Did not know that was Boston, it's beautiful.

>>129548322

Because banks started offering large loans at low rates, causing prices to rise substantially. This is good for both the banks and local governments, as they get more income over time. If banks actually had to cover their losses, as they did pre-Fed, houses wouldn't be nearly as lucrative, as basic supply and demand isn't really enough to facilitate this level of price gains.

>>129548322
>>129549102

But to answer your shitty retarded question,

Homes have always been investments. Nowadays, homes are becoming shitty investments.

Airbnb is kind of changing that, but for the most part, using homes as an investment is retard tier unless you are the ones building them.

>>129549321
Yeah Beacon Hill is boss like that

Jews

>>129549102
It shouldn't be that way.

This is where will and "the economy" conflict and why it is important to have a conscientious population who personally consider their needs.

Large family homes and decent commutes should have been the way to go.

Beacon Hill = $$$$$$$$$$$$$$