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What's a scam that's so normalized that we don't even realize it's a scam anymore? (lemm.ee)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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[โ€“] 12 points 3 years ago (2 children)

You make good points, and it is a perverse line of thinking. However I do think that homes and land are the only real investments we can make. Not in a sense of trying to make a profit on it, but as something to put our money into.

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  • [+] -4 points 3 years ago* (last edited 8 months ago) (1 child)
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  • [โ€“] 11 points 3 years ago

    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.

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