2 ms·
> People made vastly more money just sitting around in their houses To be fair, that's not exactly making money. Value on paper, based on comparative sales nea
by jjav 5y ago
> People made vastly more money just sitting around in their houses
To be fair, that's not exactly making money. Value on paper, based on comparative sales nearby, has gone up in many places. But that's not money one can use to pay bills or buy food.
It can also evaporate same way it showed up, just like the gains from early 2000s evaporated in 2008. Unless one gets lucky timing the market and buys low and cashes out at the peak, it's not real money.
- hn_throwaway_99 5y ago> But that's not money one can use to pay bills or buy food. I know several people who have refinanced (a good idea in my opinion) and taken cash out (a bad idea in my opinion) to do things like remodel kitchens or and pay other bills.