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.
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Housing is used as a hedge for pensions and investment funds. There is a vested interest in year on year gains. If the housing market collapses because it becomes unsustainable, it takes the banking industry with it. Eternal growth is the ideological standard of a cancer cell
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