MilitantEmpath on Nostr: A house is not to be a store of wealth. I own a house because I built it myself. But ...

A house is not to be a store of wealth. I own a house because I built it myself. But I should not have had to learn how to do that and then do it. Our ancestors should've left us infrastructure.

But a buncha landlord lobbies created zoning laws long before any of you were born so they could cap the supply and reap the profits of surging demand.

You will never be able to afford a house in America by working hard for a wage. You either need an inheritance or to hack the system in what small ways are left like I did.

China has falling house prices and excess inventory. Speculative investors who were developing housing for the sake of flipping/upselling are losing money or even going to prison.
It's a major buyer's market unmatched by anywhere else in the world. It's amazing and great; the complete opposite of what we see in the US.