st-just:

I hear advice from the older generation that “buying a house is an investment”.

On one level, I get that. Buying a house is a better way to spend money than renting, because at the end, you have something. You have a whole frigging house.

On another level, I think that the idea that home prices should outpace inflation is insane and maybe has broken modern society.

-Andre Cooper, Maybe Treating Housing as an Investment was a Colossal, Society-Shattering Mistake

This entire article is “a-HYUK, why would we expect homes to appreciate when the building’s obviously a depreciating asset? We’ve simply stumbled down a nonsense path that I just realized because I r so smart!”

Because even as the structure depreciates the property claim on the underlying land appreciates because it’s a finite good facing rising demand, dipshit.