Thread

Tweet 1

Aren't rising home prices bad for home owners too? The only reason I'd move is to get a bigger house and the price of that hypothetical home is necessarily correlated and greater than my current home's price.

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Tweet 2

I'd feel sheepish/embarrassed buying a home and then having the price crash in less than 2 years. But my mortgage payment wouldn't change. I wouldn't be any worse off. And if it was 10 years of gradual decline I'd feel glad I didn't wait. I need the space now.

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Tweet 3

I guess the dream is you buy a big house to raise a family and then at retirement after all houses doubled, you move to a smaller house and make a lot of money? It's sort of a bad dream because in that scenario your children are much poorer than they could have been.

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Tweet 4

What would be good for me is if my house increased in value relative to everyone else's and I guess people implementing local policies towards that goal is why we have a global problem that's bad for everyone.

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