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Housing as an investment is wrong.
The price of basic human needs should not be tied to the rise and fall of the stock market, nor should ones retirement depend on the hyper inflated values of houses. 500K+ for a small house is absolute price gouging bullshit, regardless of location.
I agree with this wholeheartedly. A house is to live in. It's a place to live, not a financial instrument. They are only inherently worth some amount that aligns with wages in a given location.
So, like my first house cost a year of the median wage in my city; it was a wreck, so let's say two years of pay was the average house. I think my mom's house was around that too, but now they are more like 5x the median pay, that makes no sense because they are the same thing - a place to live.
It's like the notion of a "starter home." When I bought my house and was debating some pros and cons, my realtor was like, "don't worry, you can just buy your dream home later and use this as a rental property!" Uhhh. This is my home. To live in. It's the only one I ever plan to buy.
Hehe they'll say anything to make a sale. It does seem dumb: "Don't worry you can save up to become a landlord when you can afford the house you really want again".