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| 2025-06-15 18:35:16 UTC
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StJohn Piano
In inflation-adjusted terms, the cost of a house in Bozeman has tripled in the last …
New Post: Presidential Tweet Mode
https://www.linkedin.com/posts/stjohnpiano_at-solidi-in-preparation-for-international-activity-7334138828607139840-WdYX
Mood music: Just Like You Imagined, by Nine Inch Nails
https://www.youtube.com/watch?v=6P_YISMJ4sQ
Excerpt from Housing Is Both a Product and an Investment, by Michael Magoon
https://substack.com/home/post/p-136980783
Housing is unusual because it is both a consumer product and an investment. Most products that you buy on the market depreciate rapidly after the initial purchase. This makes them extremely poor investments.
When a person buys a home, however, they are not only purchasing a place to live. They are also purchasing an investment that can potentially accrue more value over time. For many homeowners, their house is their most substantial investment.
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This places the financial interests of homeowners in direct conflict with those who do not own homes.