• Semi-Hemi-Demigod@kbin.social
    142·
    11 months ago

    Which is the problem we have: For way too many people an asset capable of depreciation is their main or even only retirement savings. So reducing the price of housing will be a problem for a lot of local and state taxpayers.

    Not saying it’s right, just saying how it is.

    • mapiki@lemm.ee
      3·
      11 months ago

      Wait - can you explain this further?

      Why depreciating asset?

      Also, they probably aren’t selling it right? Just using as a rent-free option after paying mortgage to lower cost of living?

      What am I missing?

      • Semi-Hemi-Demigod@kbin.social
        11·
        11 months ago

        If we increase the supply of housing, the price of existing stock will go down. Heck, if we keep hedge funds out it might go down, or at least not increase as much as it would.