as always, real estate is local, and gentrification is rarer than you imply. typically, at best, housing barely keeps up with inflation which makes it more or less a forced savings account. and making sweeping generalizations about highly leveraged mortgages being "good" because the government will just bail you out when things go south just kinda confirms every suspicion i had about this bubble
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(not mythical average stagnant wages)
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yeah just one big imaginary myth
if youre a white person in the upper 10% percentile of earnings and wealth than yeah i imagine it all just seems like a myth to you. if you happen to be anyone else, not so much.