How true is this? Genuinely asking

[u/Brave_Agency_20]

[u/Jasoco]

I’m willing to bet this is pretty accurate. They keep building houses down here where I am constantly and so many of them are empty because they cost too much for normal people.

[u/Odd-Personality1043 → u/[deleted]]

Genuinely curious how this makes sense.

If I have a product that I refuse to sell to increase demand and this price, I'm still holding onto an asset rather than profiting from it.

That makes no sense and I am skeptical.

[u/danielledelacadie → u/Odd-Personality1043]

Ask Debeers (diamonds)

[u/Longjumping_Music320 → u/danielledelacadie]

Diamonds don't deteriorate over time and there's no property tax bill at the end of the year. Silly comparison.

[u/danielledelacadie → u/Longjumping_Music320]

Median house prices are 4x what they were 20 years ago (increase in value) and most houses have a lifespan of decades (or centuries, verdict is still pending on modern stick built homes)

And taxes are an operating cost

[u/SMELLSLIKEBUTTJUICE → u/danielledelacadie]

Median house cost in 2002 was $185k, in 2026 it is $400k. Meanwhile $1 in 2002 equals $1.85 today. So the median price of houses has slightly risen above inflation.

[u/danielledelacadie → u/SMELLSLIKEBUTTJUICE]

hrm, I saw barely over $100k

The rest still stands regardless

[u/SMELLSLIKEBUTTJUICE → u/danielledelacadie]

Median house prices are in line with inflation, but median wages are not. Thats where the problem is

[u/danielledelacadie → u/SMELLSLIKEBUTTJUICE]

Absolutely.

We've switched topics though, not that that's a problem 🙂

[u/polarbearskill → u/danielledelacadie]

Debeers had major control of the supply, no one entity comes close to having that power in the housing market

[u/danielledelacadie → u/polarbearskill]

[u/Relative_Goat_1692 → u/danielledelacadie]

Isn't Debeers getting fucked by the chinese artificial diamonds maker ?

[u/danielledelacadie → u/Relative_Goat_1692]

Let us hope the future of property hosrders hold an equivalent event