Gaëtan Perrault on Nostr: I feel like the very existence of titles like this undermine the real value of home ...

I feel like the very existence of titles like this undermine the real value of home ownership.

> "Bought a condo in 2020? If it's in Toronto, it likely underperformed your savings account"

So what, it's a place to live, not an investment account. You don't have to sell it for a profit, you just have to live there.

In a world with sufficient housing, homes would mostly sell for the same inflation-adjusted amount. Comparing that to a saving account just seems silly.

But here's another dude doing exactly that.

https://ca.finance.yahoo.com/news/bought-a-condo-in-2020-if-its-in-toronto-it-likely-underperformed-your-savings-account-165907280.html