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Who's really the sucker when they can just keep counting on forever increasing real-estate valuations? Even in the 2008 collapse, banks got bailouts and the mar
by danjoc 8y ago
Who's really the sucker when they can just keep counting on forever increasing real-estate valuations? Even in the 2008 collapse, banks got bailouts and the market today is just as ridiculous as it was pre-2008.[1] "Too big to fail." The cars, the private school, they're nothing but a couple years of home appreciation with a generous tax writeoff discount. Free money, no work required. Houses in the middle of the desert and homes that have burned to the ground, are worth more than a garage full of Ferraris these days.
Savers are stupidly working hard and socking away meager sums rather than hopping on the housing gravy train.
[1] https://www.washingtonpost.com/news/politics/wp/2017/06/20/five-years-ago-trump-made-a-prediction-on-twitter-about-housing-he-nailed-it/ https://www.washingtonpost.com/news/politics/wp/2017/06/20/f...
- deleted 8y ago[deleted]