Hacker News Reader

Equity is a red-herring. People just want a place to live. Developers want equity.

A place to live is a base of the hierarchy of needs, but giving away $2000 to someone else for a place to live vs. putting $2000 a month into your own assets is not a red herring.

Developers want equity because it is financial security and passive income for them. Regular Joes want it so they don't pay rent in perpetuity; that they may have a place to live in old age without working, among other reasons.

As if you can live anywhere without paying in perpetuity.

If there wasn't an endless drive to increase the value of homes, this would all be moot.

Hate the game, not the players.

All my friend's parents that didn't own their homes are completely fucked now that they're old, retired and their pensions didn't keep up with inflation. If you don't own the place you live you're just a rent hike away from the streets.

Yeah, I clearly indicated I hate the game.

Paying a small amount for property tax or insurance is different than paying full rental/mortgage each month.

Reply on news.ycombinator.com