By your logic buying a house is a Ponzi scheme too.

edgyquant an hour ago | parent | next [-]

Houses have real value by themselves as you can live in one. But they have been treated like a Ponzi scheme recently which is why we are in such a mess with housing

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gspr an hour ago | parent | prev [-]

My god, this is the most HN comment of the day. You do know that most normal people buy a house not to resell it at profit, but to have a place to live, right?

	▲	mitxela 35 minutes ago \| parent \| next [-]
		I think most house buyers are buying it for resale value.
	▲	cmiles8 an hour ago \| parent \| prev [-]
		The point is it has value and can be resold later to get your capital back. Housing tends to be a mediocre investment at best but folks do generally expect to be able to get their capital back when selling.