Housing is only a safe investment if it keeps its occupants productive (e.g. allows one to take a job by living nearby). The job market is strong right now, but we’ll see how safe those investments are when that starts to turn…
But, if you truly believe what you say, why aren’t you buying one of those $100,000 homes in Newfoundland? Anyone can afford that. If the government is going to protect you, how can you lose?
You make a good point about the investment potentially failing. At the end of the day, 99% of us are just pawns for the banks. Housing as an investment is out of reach for the working class, which means… oh no… we have less than ideal housing, and we don’t have access to a relatively secure investment (which taxes subsidize at federal and local levels).
I could be wrong here but I believe that your parent comment is talking about how investments are guaranteed by the government in case of some kind of market shift.
Houses are literally subsidized into being safe investments. The neoliberal government has decided that this is best for business.
Housing is only a safe investment if it keeps its occupants productive (e.g. allows one to take a job by living nearby). The job market is strong right now, but we’ll see how safe those investments are when that starts to turn…
But, if you truly believe what you say, why aren’t you buying one of those $100,000 homes in Newfoundland? Anyone can afford that. If the government is going to protect you, how can you lose?
You make a good point about the investment potentially failing. At the end of the day, 99% of us are just pawns for the banks. Housing as an investment is out of reach for the working class, which means… oh no… we have less than ideal housing, and we don’t have access to a relatively secure investment (which taxes subsidize at federal and local levels).
I could be wrong here but I believe that your parent comment is talking about how investments are guaranteed by the government in case of some kind of market shift.