Why do we assume that higher house prices = good?

March 10th, 2010 admin

If the price of toothpaste or a burrito dropped 20%, most of us would be thrilled. So why is it considered a catastrophe when housing prices drop? Last week, I asked you to identify the cultural assumption in this screenshot. Here’s what I was thinking of: Isn’t it funny how “home prices falling” is assumed to be a bad thing? You never…


Originally posted on I Will Teach You To Be Rich

 
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