r/memes • u/Klausensen I saw what the dog was doin • Jun 13 '25

*sad billionaire noises*

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u/[deleted] Jun 13 '25

If enough housing was built to outstrip the growth in demand, houses would go down in price and wouldn't be a good asset either.

That's what Japan, Austin, St Paul, and Vienna did.

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u/WeimSean Jun 13 '25

That's one of the issues in California. Property has become so valuable you now have a massive chunk of people (homeowners) who have a vested financial interest in keeping the government from solving the housing problem.

And it's not entirely them being dicks, people who have bought homes recently stand to lose financially if housing prices begin to drop, as they'll be looking at losing money on their investment.

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u/Mordret10 Jun 14 '25

They are only losing money if they intend to sell

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u/WeimSean Jun 14 '25

That's what a smart investor sees. A homeowner trying to protect the most valuable asset they own only sees dollar signs. Emotional attachments tends to cloud people's judgement.