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> Nowhere in this article is there a relation to bank bailouts. Of course there is (when you remember the 2008 housing crash and think a step or two ahead) Du
by logicalmonster 4y ago
> Nowhere in this article is there a relation to bank bailouts.
Of course there is (when you remember the 2008 housing crash and think a step or two ahead)
During good times, putting lots of poor-ish people into homes they can just barely afford is a feel-good story.
During bad times, when people get laid off and many of these people can likely no longer afford their home, it creates a shit-storm of epic proportions that negatively affects everybody.
- cercatrova 4y agoDoes it affect everybody? I and many people I know didn't feel any effects from 2008. If anything it just gave us a chance to buy homes that were previously skyrocketing in price.
- logicalmonster 4y ago> I and many people I know didn't feel any effects from 2008. I'm sure some people had the opportunity to go from poor to wealthy during the Great Depression by taking advantage of the situation in some way. Does that mean that the Great Depression was a net benefit for humanity?