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Making an investment asset out of a requirement to survive is capitalist insanity. The housing market crashes every 10-20 years, while most mortgages are 30 yea
by bearjaws 7y ago
Making an investment asset out of a requirement to survive is capitalist insanity. The housing market crashes every 10-20 years, while most mortgages are 30 years, this means that many people stand to lose their entire "investment", but oh wait, its their home, not their fucking Robinhood account.
Saying that things are going well, therefore we are making good decisions is a terrible argument.
- generatorguy 7y agoThe loss or gain is not realized until the home owner sells the house. So just don’t sell during the crash.
- bearjaws 7y agoPeople don't foreclose on their homes because they want to.
- generatorguy 7y agoI thought in 2008 People were walking away as soon as they were underwater ?