While I know it wasn’t the point he was trying to make, but it’s a related point: a house really shouldn’t be a commodity to be profited from. It should be an investment in your own future housing, not a way to make money. Anything else you buy, you expect to sell for less than you paid, but somehow you should always profit from selling your house? That’s why we’re in the current situation where young people can’t afford a house. Because unless you build it yourself, you’re paying for someone else to profit off their investment that they paid someone else to profit off before them, and we’re expected to keep that train going with housing prices constantly going up.
While I know it wasn’t the point he was trying to make, but it’s a related point: a house really shouldn’t be a commodity to be profited from. It should be an investment in your own future housing, not a way to make money. Anything else you buy, you expect to sell for less than you paid, but somehow you should always profit from selling your house? That’s why we’re in the current situation where young people can’t afford a house. Because unless you build it yourself, you’re paying for someone else to profit off their investment that they paid someone else to profit off before them, and we’re expected to keep that train going with housing prices constantly going up.