To be clear, I understand what inflation is, but something that’s only keeping up with inflation doesn’t make sense to me as an *investment.* I can understand increasing value by actively doing something, like fixing the roof or adding an addition, but not by it just sitting there.
In: 1365
It’s supply and demand.
Because old people are in power in almost all Western countries, and managed to limit house building. The exact way they did it varies from country to country, but old people want houses as expensive as possible, because this way they can leech money from younger generations.
It is purely a generational conflict.
In some places there’s additional factors like high immigration, but it wouldn’t matter if people were allowed to build on their land.
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