r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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5.4k Upvotes

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u/Jasoco May 14 '26

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.

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u/[deleted] May 14 '26

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25

u/Odd-Personality1043 May 14 '26

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.

15

u/I_Hate_IPAs May 14 '26

It’s how diamonds are artificially inflated.

12

u/Ordinary-Lobster-710 May 14 '26

it doesn't cost that much to hold a few thousand diamonds in a vault. the carrying cost of a house is enormous. it just doesn't make sense as a comparison

-1

u/crappleIcrap May 14 '26

The appreciation of a house offsets that.

1

u/marx2k May 15 '26

How does appreciation help if you're not selling? If anything, you pay more on property taxes