Because mortgages are one of the few leveraged investments Joe Consumer has access to. As such, it is often one of the only ways people can retire or afford pro

Because mortgages are one of the few leveraged investments Joe Consumer has access to. As such, it is often one of the only ways people can retire or afford property at all. Also, because it is highly leveraged for many, especially in the Bay, to have it reduce in value can actually easily bankrupt you. But for many, they feel they need to take the risk to lock in home prices, and also to grab what they still cling to as "the american dream" of owning a small single family home. Can't say I blame people for being upset by that, especially after this tax reform theft.