Yeah, but in the bay area you can live in a small apartment, save a ton of money that you put into stocks, and then eventually use those investments to buy a house outright in a cheaper part of the country when you move.
> Houses aren't retirement plans in most places. And I think that's good.
Absolutely; the fact that they've worked that way in some places is completely poisonous. For one thing, it's obviously not sustainable; you can only have the inflation-adjusted average value of a home double so many times before it's literally impossible for anyone but the actually wealthy to afford. Secondly, it creates a strong incentive to oppose building more housing, which causes all kinds of problems.
> Houses aren't retirement plans in most places. And I think that's good.
Absolutely; the fact that they've worked that way in some places is completely poisonous. For one thing, it's obviously not sustainable; you can only have the inflation-adjusted average value of a home double so many times before it's literally impossible for anyone but the actually wealthy to afford. Secondly, it creates a strong incentive to oppose building more housing, which causes all kinds of problems.