zlacker

>>kenton+(OP)
This is neat, but as a $NET shareholder and someone with another ~$1m in net worth that can't afford to buy a house for at least another 6 years this makes me think we should significantly increase taxation.

>>laidof+aE
You have $1M of net worth that isn’t a house (and is therefore likely to be liquid) and you can’t afford to buy a house? Where and how much?

>>IAmGra+RM
I spend about $3.2k a month for a studio apartment in an HCOL area. I don’t even own a car.

>>laidof+lP
You need to move, yesterday. Yes, moving sucks. No, ideally you wouldn't have to. But at the end of the day you are just plain shooting yourself in the foot if you continue to live in a place that absurdly expensive.

Like dude, you could buy an awesome house in just about any other part of the country if you truly have $1m in liquid wealth. You have options to own a house, you just have to act on them.

>>bigstr+kR
What’s this fixation on house ownership? It doesn’t make sense rationally. Stock markets always perform better, easily beating ownership and the hassle and associated risks of managing property.

>>472828+Ze1
One factor: It's an investment that you can get for 20% down, or less. You can't borrow that much to gamble in the stock market. All is well as long as the value of the house doesn't go down.

People like the idea of making money. They are used to real estate always increasing in value.

We'll see what happens as boomer demand ages out.