I think you’ve bought into the tik tok narrative that somehow it’s zillows fault that houses are expensive.
I'm buying a long term asset, so the liquidity of the housing market is not relevant to me, unless I'm actually buying for a specific short term, like a planned work period.
Liquidity of the housing market is only important to the agents and the loan originators because they make money on the flow.
No. Like a normal person, I bought my house to live in and to improve and to stay in for a long period of time. It isn't a speculative investment vehicle.
It would not change my physiological need for shelter, no
“Oh I might not be able to sell this for a profit in two years, guess I’ll die in the street”
Imagine if drinking water was treated as a speculative asset, with large percentages of a countries water supply being stored in tanks and sold back-and-forth on paper between capital-rich investors instead of actually being pumped to where it was needed through pipes.
As a seller, would you rather wait a year to make a bit more money? That wouldn't be good. That would be crappy.
