this post was submitted on 28 Apr 2024
87 points (93.9% liked)
Australia
3607 readers
40 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @[email protected] and @[email protected]
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Gen X here. I also just bought a house a year ago. I support the elimination of housing-as-investment. It has always been a smoke and mirrors trick anyway.
You buy a house to live in. You put money into that house. Eventually, 30 years later, I won't have to pay a mortgage any more but by that time I'll be a very old man. In the meantime the value of the house has gone up. Hooray? Not really: I can't get that money back out and live on it. To live on it, I'd have to sell the house. Then I'd need somewhere else to live. Oh, I suppose I could buy a house? Except the value of every other property has gone up just like mine. It's break-even. It's not an investment for anyone except developers and massive real estate corps.
I never understood why people care so much about their property values. I personally think it makes me worse off when my house goes up in value. Now I have to pay more in property taxes and I can’t move because all other houses are way more expensive too.