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Larein t1_ixuhmvx wrote

Reply to comment by scarabic in For most Americans, housing was a key component in personal wealth accumulation. However, racist housing policies eroded black wealth in pre-WWII American cities. Black families paid a 28% premium to buy a home on a majority white block, after which their homes lost 10% of their value. by smurfyjenkins

It accumulates wealth if its in place more people want to live in than there is space. If the housing is in middle of nowhere its not going increase in value. You will be lucky if it keeps up with inflation.

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scarabic t1_ixvaad3 wrote

There’s a second requirement. People have to want to live there, AND not enough housing is being built there for all of them. I think the second part is what’s not working where I live. People are just against high density housing. Sometimes you’ll hear this resistance in terms like “let’s keep our neighborhoods walkable” or “neighborhoods with green spaces are good for our community’s mental health.” But this translates to: hell no don’t build that 10 story apartment building here.

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