• @PostmodernPythia@lemmy.world
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    12 years ago

    Some capital does. Some capital opposes building in Cali. I mean, it’d (rightfully) destroy the value of a lot of beautiful homes used in part as investment vehicles. Otherwise, why would anyone be concerned with property values?

    • @SCB@lemmy.world
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      12 years ago

      Am i crazy or is real estate an asset but not generally considered capital colloquially?

      I get your take, that people use homes a investments, strongly oppose the icept that homes should appreciate in value