> As we’ve pointed out at City Observatory, there’s an inherent contradiction between the goals of promoting housing affordability and using homeownership as a wealth building strategy. Affordability requires that housing be stable in price; a good investment needs to appreciate. If housing is a great investment, its because its becoming less affordable. If housing stays affordable, it is, by definition, not an investment that generates gains.
I have thought about this before and really think we should stop treating home ownership as an investment. However, I can't think of a way to do that which is fair to those who bought homes already..
I have thought about this before and really think we should stop treating home ownership as an investment. However, I can't think of a way to do that which is fair to those who bought homes already..