4 ms·

Do you have a mortgage too? Would you be happy owing the bank more than your property is worth?

FpUser 5y ago
Government with their policies and regulations has brought us into this mess and it is up to them to figure out graceful exit. Somebody is going to get hurt either way. But if you leave things untouched you will end with two castes eventually. If this what happens what is the fucking point of our "advanced" system where everyone can pursue a "happiness".
CogitoCogito 5y ago
Who would be happy with that? And who is happy with not being able to afford a house? What does happiness gave to do with it? You made a financial bet on buying your house for certain price. There’s always a risk in that price going down after you buy it. Sucks for you but the price going up for you just sucks for someone else.
- AzzieElbab 5y ago
  Unhappy voters matter
imtringued 5y ago
That wouldn't be a big deal if the house was affordable to begin with.
NikolaNovak 5y ago
Not the op but I have a mortgage; Bought in Toronto in 2018 so fairly high. It is possible to have two adjoining thoughts: 1. It'd suck for me if house prices went substantially down. 2. It is nevertheless absolutely positively the right same thing for society. The assumption that house is mandatory, can be your main retirement or even only plan, and prices can only go up is crazy and unsustainable. Pain is coming and I see no reason to keep making it worse while enriching people in undeserving ways. This was my opinion for 20 years,from poor university student to renter to condo owner to house "owner". But I come from Europe so my brain can grok the notion of "you don't have to have a massive house. You just don't". This may sound insulting but my wife is love of my life, born Canadian, and cannot comprehend not having a house, having a family without a house, or that prices can go down. It's like seeing ultraviolet - no matter how much she squint she's not physically equipped :-)

Government with their policies and regulations has brought us into this mess and it is up to them to figure out graceful exit. Somebody is going to get hurt either way. But if you leave things untouched you will end with two castes eventually. If this what happens what is the fucking point of our "advanced" system where everyone can pursue a "happiness".

CogitoCogito 5y ago

Who would be happy with that? And who is happy with not being able to afford a house? What does happiness gave to do with it? You made a financial bet on buying your house for certain price. There’s always a risk in that price going down after you buy it. Sucks for you but the price going up for you just sucks for someone else.

AzzieElbab 5y ago
Unhappy voters matter

imtringued 5y ago

That wouldn't be a big deal if the house was affordable to begin with.

NikolaNovak 5y ago

Not the op but I have a mortgage; Bought in Toronto in 2018 so fairly high. It is possible to have two adjoining thoughts: 1. It'd suck for me if house prices went substantially down. 2. It is nevertheless absolutely positively the right same thing for society. The assumption that house is mandatory, can be your main retirement or even only plan, and prices can only go up is crazy and unsustainable. Pain is coming and I see no reason to keep making it worse while enriching people in undeserving ways. This was my opinion for 20 years,from poor university student to renter to condo owner to house "owner". But I come from Europe so my brain can grok the notion of "you don't have to have a massive house. You just don't". This may sound insulting but my wife is love of my life, born Canadian, and cannot comprehend not having a house, having a family without a house, or that prices can go down. It's like seeing ultraviolet - no matter how much she squint she's not physically equipped :-)