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It would ruin our equity. So no selling or refinancing for awhile.
It would mostly hurt people selling, renting, renovating, and building homes.
good, fuck em. Seeing houses as an equity Builder was retarded in the first place. It's literally not sustainable, if it's supposed to constantly appreciate value no matter what it means that there is an ultimate threshold where it becomes unaffordable for everyone.
A house is a place to live, not a fucking financial asset to make money with.
I would be an equity builder even if the price was flat. Which would honestly be ideal. Of course the built in rent control doesn't hurt either.
Everything can be an asset to make money with. Before money it was bartering and you can bet your ass the home was an asset back then too. Humans value the creation of things. Assets of created thing will always exist.
Ah, that makes sense. Thank you!