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Are you going to reset the mortgages for all the Americans who already own their home? Give them rebates if they've already paid it off? I get that this seems
by rootusrootus 5y ago
Are you going to reset the mortgages for all the Americans who already own their home? Give them rebates if they've already paid it off?
I get that this seems like an unpopular observation on HN. But still, any significant price reset on real estate in the US would cause a LOT of people to lose a huge amount of their net worth. And if they recently bought their first home, they will then be massively underwater with all of the negatives that brings.
It's pretty easy to say that only investors are going to lose, without appreciating that you're advocating for destroying more than half the population in order to provide a better future for the remainder. Think of a better plan.