Housing shouldn’t be an (in real-terms) appreciating asset. In the long run that just leads to feudalism.
Imagine if everything keeps appreciating for 200 years… now only cyborg Elon musk can afford to buy a house.
Housing shouldn’t be an (in real-terms) appreciating asset. In the long run that just leads to feudalism.
Imagine if everything keeps appreciating for 200 years… now only cyborg Elon musk can afford to buy a house.
They may not have much money left over after downsizing, however. In markets like California the value is almost entirely from the land. The comparative value of the house (even a 5 bed) is comparatively negligible. So a 5 bed on a small plot would cost almost the same as a 1 bed on the same plot. In Silicon Valley it’s really common to just buy a house and knock it down and rebuild, since the cost of building a new house is much less than the cost of the land.
It’s a genuine issue that the liquidity of the real estate market is impacted by this.
Which has the downside that it locks people into their current home because moving would mean losing their favorable rates.
Rising prices are bad for everyone.
The best way to make money is to already have money invested. You take the proceeds from your earlier investments and invest in MORE assets.
In this case it’s real estate.
In most European countries governments are elected for 3-6 years (though they may end up happening more frequently since, most places, it’s possible to call early elections). The campaigning only really happens for 1-2 months before the election.
The fact that the US essentially spends 1.5-2 years campaigning for a 4 year position is insanity to me!
I’ve heard that the focus is on the ARM versions (so maybe they are much more developed) but I tried the x86_64 version on my HTPC recently and it was super barebones.
In the end I found Gnome with a few extensions to be a better solution for my needs