this post was submitted on 20 Sep 2023
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This isn't exactly mind blowing, 65%, of residential properties are lived in by their owners.
Given that you need a bit of wealth to even run as a candidate, you'd expect them to have bought a house.
Its landlords - so non-principal residences - and invested in real estate as in ownership of REITs or private real estate corporations.
So, nothing at all to do with principal residences, which is pretty amazingly clear when you click the link and read the article.
Such a weird divide. I realize it is to try and make those who seek employment profit with their home as a capital asset feel special and "not like those other investors", but it's a false narrative. An investor is an investor is an investor.
It's not a false narrative at all. It's an ideological difference.
You think personal property is a financial investment. Some of us see it as a home.
You're emblamatic of what's wrong with the housing market.