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zataomm  5mo ago (text post)   5391 thread views

Colorado Supreme Court Thread

Link to the decision

I don't know to what extent there are established precedents for when a topic is worthy of a mega-thread, but this decision seems like a big deal to me with a lot to discuss, so I'm putting this thread here as a place for discussion. If nobody agrees then I guess they just won't comment.

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If you own a home, you can sell it, but the price you get is (to a first-order approximation) the prosperity of the surrounding area. A renter just picks up and leaves and gets nothing no mater how well or poorly the area is doing.

Data beats theory. Unless you’ve observed otherwise yourself, @token_progressive is the only one providing (anec)data here

Then I'll say the opposite as @token_progressive: In my experience, a) the homeowners I know explicitly state that they plan to stay in their house for a long time b) the renters I know explicitly state that part of the reason why they wouldn't take a mortgage to own a home is because they don't want to be tied to one place and finally c) the homeowners I know, even if they end up selling their house, do in fact stay mostly in one place and are very invested into a tight-knit community there while d) the renters do in fact end up travelling somewhere else very often. Mind you that I very clearly belong to the second category.

But I'm not living in an ultra-expensive large american city, merely in a moderately expensive middle size city.

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