• Scrubbles
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    241 year ago

    We have one area of actual steady investment in our lives - our homes. And they can’t handle us making a tiny bit of money

    • @Gradually_Adjusting
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      231 year ago

      I need an ironic WWII style scaremongering propaganda poster about class war. The 1% have class awareness. Do you?

      • kamenLady.
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        1 year ago

        Scrath’s comment made me check with Bing - i put your comment as the prompt, word by word:

        Edit: a week later i was wondering how far image generators get political context right. So i tried the same prompt on civitai ( without any additional resources ). Bing did a better job with the context, at least it repeated some of the input.

    • themeatbridge
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      1 year ago

      Homes shouldn’t be an investment vehicle. Buying and selling residences like commodities is what creates a market full of shitty mcmansions on postage stamp properties with granite countertops and no insulation.

      If we rnded corporate investment in residential property, even just single family homes, you’d see property values plummet. That would suck for the people who have been treating their house like a retirement plan, but it would be best for literally everyone else who will ever live.

    • davel [he/him]
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      31 year ago

      This is one of the most destructive things we’ve done as a society: making our homes into investment vehicles. It is the root cause of people no longer being able to afford housing.

    • @Taldan
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      1 year ago

      Homes don’t generate value though. Nothing more is being created by them existing. How can it possibly be an investment generating more wealth when the underlying asset remains unchanged?

      It’s just a pyramid scheme to expect the same exact home to continue going up in value as an investment. The only possible result is a shortage of housing with unreasonably high prices