| ▲ | baggy_trough 3 hours ago |
| It's actually about people not wanting the largest investment of their life to change in ways they don't like. |
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| ▲ | alistairSH 3 hours ago | parent | next [-] |
| Two comments about this...
- "Housing as investment" might not be the best policy
- Side effect of above, people have strong incentive to ignore all the negative externalities caused by that policy (ie, sprawl and lots of car mileage when society would better with more compact towns) |
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| ▲ | yardie 3 hours ago | parent | prev | next [-] |
| Trying to find the amendment in the bill of rights that guarantees your investment will go up. Can you point it out to me? |
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| ▲ | volkercraig 3 hours ago | parent | next [-] | | Trying to find the amendment where you aren't allowed to advocate for your own interests. | | |
| ▲ | iamnothere 2 hours ago | parent [-] | | You’re allowed to advocate for your own interests, but there are limits to what you’re actually allowed to accomplish with that advocacy. At least in the US. You can’t just pass laws to confiscate the wealth of your political opponents, for instance. You can advocate for it (free speech), you just can’t do it. |
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| ▲ | baggy_trough 3 hours ago | parent | prev [-] | | Why should I? I said nothing about my investment going up. |
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| ▲ | AlexandrB 3 hours ago | parent | prev | next [-] |
| "House as investment" is a terrible outcome of the North American housing market. |
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| ▲ | only-one1701 3 hours ago | parent | prev [-] |
| “I invested a lot of money in something and my ROI is literally more important than anything else.” |
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| ▲ | baggy_trough 3 hours ago | parent | next [-] | | I think the ROI criticism is generally off the mark. Most homeowners that resist rezoning, etc. are concerned about quality of life issues rather than home values (although those are aligned if significantly lower quality of life reduces home values). For example, the idea that I'd benefit if my area was upzoned because I could sell my home/land for much more doesn't appeal to me at all. I don't want to sell my home, and I don't want the neighborhood to change around me in a way that I would eventually want to. | | | |
| ▲ | volkercraig 3 hours ago | parent | prev [-] | | Ok, and? |
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