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this post was submitted on 20 Aug 2023
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Asklemmy
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Houses have not been an appreciating asset since 2008, and the only way to make money off of them in the current market is the buy massive quantities and hold them for decades until inflation does its thing
What? This is simply not true. Yes, there was a dip in 2008, but the real estate market has since recovered and we are already well beyond what houses were valued at on average in 2008 and this time there's no subprime lending bubble.
Buying real estate is still the #1 way for regular people to passively build wealth in America. It's just getting a lot harder for average people who are not already on the ladder to take the first step due to prohibitively high costs, taxes, and interest rates.