this post was submitted on 02 Nov 2023
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A Boring Dystopia
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break even?
makes it sound like like they're talking to investors not residents.
i dread to think how their "anslysis" works.
cant bear to do any more than skim this article though.
Back in the 50s to 70 we teeated hoises more like food. No one bought up all tge bread at a grocery store in hopes of selling letter at a high profit. During this time houses inflated mostly along side wages.
The the dark times came. The risr of the secondary real estate market ment people couldcquickly trade mortgages* like stock. This decoupled house prices from wages and turn te whole 2nd market into a new stock market
*technically they are not mortgages but mortgage back securities
My house is an investment in the sense that I'm putting money into a giant hole as opposed to an infinite hole like renting. But no, I don't view it like I would a stock.
You can just click through to the actual Zillow report instead of Yahoo's article about it: https://www.zillow.com/research/years-to-profit-33215/
They discuss the analysis right there.