The other sad part is that one's home sucks as a savings account.
If the trend was to wait until a target value was reached, then sell it and buy a home that is a fraction of the previous, it would work.
As it is, most people cash-in on the place they live, then have to find a new place to live while prices are high, eating up most (or all) of their "savings".
In addition, most people are paying for real estate, and not paying for the property/land. Most homeowners have not secured the rights to the land they live on, and pay for a "color of title" instead; leaving mineral, water, timber rights, etc, in the hands of others.
Troy
npub104…285rf
2025-02-24 18:04:56
in reply to nevent1q…epup
Author Public Key
npub104zp04wlgddf0w84tj8jul3w75e7ydcuuhsull2etste5040xm2qg285rfPublished at
2025-02-24 18:04:56Event JSON
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"content": "The other sad part is that one's home sucks as a savings account.\n\nIf the trend was to wait until a target value was reached, then sell it and buy a home that is a fraction of the previous, it would work.\n\nAs it is, most people cash-in on the place they live, then have to find a new place to live while prices are high, eating up most (or all) of their \"savings\".\n\nIn addition, most people are paying for real estate, and not paying for the property/land. Most homeowners have not secured the rights to the land they live on, and pay for a \"color of title\" instead; leaving mineral, water, timber rights, etc, in the hands of others.",
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