Thales@sh.itjust.works to Political Memes@lemmy.worldEnglish · 2 days agoReality TV show ideash.itjust.worksimagemessage-square78linkfedilinkarrow-up11.22Karrow-down111file-text
arrow-up11.21Karrow-down1imageReality TV show ideash.itjust.worksThales@sh.itjust.works to Political Memes@lemmy.worldEnglish · 2 days agomessage-square78linkfedilinkfile-text
minus-squareLost_My_Mind@lemmy.worldlinkfedilinkarrow-up1·2 days agoBased on that definition you never stop paying. Homes values constantly go up. My dad bought a house in the 1970s. 33k. Today the house has a value of 300k. Took him 30 years to pay off the original mortgage.
minus-square🍉 Albert 🍉@lemmy.worldlinkfedilinkarrow-up4·1 day agopart of the reason house prices are always on the up, is because they agree considered an investment not a basic necessity. so there’s no interest in building more. a house shouldn’t cost more than construction cost.
Based on that definition you never stop paying. Homes values constantly go up. My dad bought a house in the 1970s. 33k.
Today the house has a value of 300k. Took him 30 years to pay off the original mortgage.
part of the reason house prices are always on the up, is because they agree considered an investment not a basic necessity. so there’s no interest in building more.
a house shouldn’t cost more than construction cost.