> the implicit promise of housing is that it will never depreciate it's value An... | Hacker News

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		wildrhythms on Dec 31, 2022 \| parent \| context \| favorite \| on: JPMorgan to spend $1B on rental homes in the US to... > the implicit promise of housing is that it will never depreciate it's value An asset with infinite growth... very sustainable system we've created isn't it?

frankreyes on Dec 31, 2022 [–]

I wouldn't say infinite growth. Boom and bust cycles have been the norm in the few couple thousand years.

But housing prices are artificially held up because of voters and taxpayers who would vote them out of office if 2008 were to be the norm, it's not a shady conspiracy.

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