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For as long as society thinks home ownership is fundamentally desirable so will be mortgages as most people won't be able to afford a place otherwise. Generally

For as long as society thinks home ownership is fundamentally desirable so will be mortgages as most people won't be able to afford a place otherwise. Generally speaking life is so fast and unpredictable for people, that home ownership for many is probably individually a lifestyle choice but a fundamental risk. So I think if you want to question mortgages, it's better to question the entire idea of everybody being forced into home ownership.

roenxi 4y ago
> For as long as society thinks home ownership is fundamentally desirable so will be mortgages as most people won't be able to afford a place otherwise. Why not? Who do you think would end up owning the houses & how would you expect the market to be structured? Why, fundamentally, would it look much different from today?
sph 4y ago
> For as long as society thinks home ownership is fundamentally desirable I'm in favour of challenging that assumption only iff we make private renting illegal. No one except the public (i.e. the state) should be able to extract payment upon the unlucky masses that do not have or can't afford their own home.