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What if property prices go down some places (e.g., my house) but not everywhere? This would be a pretty big problem for me, right? What if I needed to move to o
by singleshot_ 3y ago
What if property prices go down some places (e.g., my house) but not everywhere? This would be a pretty big problem for me, right? What if I needed to move to one of the regular places all of a sudden for work? Or is the idea that it’s better for the economy for me to be trapped until I can pay off my mortgage as like a penalty for choosing the wrong place without knowing they would conver the market according to OP’s plan?
I’m all for a healthier economy, don’t get me wrong. It’s just kind of annoying for people to treat my largest asset as some kind of externality. It’s super that you are so generous to burn your money to help everyone but I would prefer to explore solutions that don’t intentionally detonate one of the most important markets in our economy and one that I cannot reduce my exposure to because I am naturally less inclined to give things away.
- ivan_gammel 3y agoInvesting borrowed money is always a risk and it is your responsibility to do your research and have good financial planning to be able to pay the debts. It’s not just regulations that may impact the market. Climate change, financial crises, some big business shutting down in your area and reducing the demand etc etc.
- singleshot_ 3y agoIt is up to me to do my own research and see whether people in my state or city are getting set to tank the economy on purpose because their politics are awful. This is actually not terrible advice. Hell, the rest of this post is just wall to wall facts. I'm a bit at a loss here. I was getting all warmed up to try to have an argument with you but it appears you're probably right. Well, you can't win them all.