IMO homes should not be considered productivr capital. Farms are, as one example.
A home sits there and looks pretty (maybe), slowly losing real value. Of course, w/ an increasing population amd limited supply it accrues nominal value (and “real” value in the investment sense).
Yet compared to owning shares in an actual productive company, it’s a very poor value proposition.
A home sits there and looks pretty (maybe), slowly losing real value. Of course, w/ an increasing population amd limited supply it accrues nominal value (and “real” value in the investment sense).
Yet compared to owning shares in an actual productive company, it’s a very poor value proposition.