"But we also think that the responsibility for the safety of [low-income people] — and let's face it, it's low-income people who have this problem — that's a responsibility for society at large, for everyone, not just for the people who happen to own the buildings where these people make their homes."

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[–] -2 points 1 year ago (2 children)

Anything you put thousands of dollars of your own money into is an investment - collector cars, crypto, artwork, gold, your Star Wars collection, and housing. Whether those are a GOOD investment or not is another question, but its definitely an investment.

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  • [–] 2 points 1 year ago (1 child)

    if I purchase a home because I need a place to live, it’s not an investment. Investment comes when sale is realized. On the point of the seller. I own my home. I will not sell it. It is not an investment. It is where I live.

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  • [–] -1 points 1 year ago

    Whether you sell it or not, that doesnt change the fact that you have invested a great deal of money into it, therefore it is an investment. Its status in your life has nothing to do with whether you plan on making a profit on it or not, its merely the definition of investing money.

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