27 ms·
Have we learned...nothing?
by throwaway29812 3y ago
Have we learned...nothing?
- teeray 3y agoGreed's gonna greed
- HKH2 3y agoWell, students can't default on their loans, so this time round it's more interesting.
- ben_w 3y agoEffectively a stealth tax for most graduates, if they can't ever hope to repay it. But regressive if you're rich enough to pay it off… or never have need for it to begin with.
- imtringued 3y ago100% guaranteed bailout.
- throwaway29812 3y ago"Too big to fail..by law"
- anticensor 3y agoLoan forgiveness is the way of defaulting for student loans.
- jbverschoor 3y agoWe learned that people like to gamble and that it’s easy to push things forwards. Also, better jump on the loan band wagon, or you’ll be left out. Anyone without a mortgage + houw which appreciated has basically been robbed by people who do
- spaceman_2020 3y agoThis is why I’m 100% sure we’re headed towards another real estate meltdown sooner or later. Real estate prices and rates have skyrocketed. The number of people who could afford 500k mortgages at 3% is much higher than people who can afford 750k mortgages at 7%. But lenders aren’t going to suddenly go from approving 100 loans a month to just 10 a month. The incentive structures are designed to weasel and lie to pump out flattering bottomlines every quarter. You can trot out the statistics but you can’t change human behavior without changing the incentives.
- frumper 3y agoIt's crazy to see homes still selling with an increase in value of 10% from a year ago and interest rates more than doubled.
- spaceman_2020 3y agoWonder what percentage of this demand is organic home owners vs. investors (including foreign investors). There’s been massive capital movement across the globe. Money moving out of China and Russia in particular. And the gulf countries with a surplus of cash thanks to multiple years of expensive oil.
- seanmcdirmid 3y agoThere might be something to that. Russia has become a bad place to invest money, while china’s real estate bubble looks to finally be popping. It could be that Russians and Chinese are accelerating on capital flight from their own countries due to current circumstances. But it’s really just speculation. I haven’t noticed an influx of ore Chinese buyers into my market.
- red-iron-pine 3y agoYou can track political developments in China, Russia, and Saudi by the price of BTC and foreign housing (esp. places like Vancouver, Canada, or London, England).
- thatguy0900 3y agoWhat were they supposed to learn? They got bailed out and noone went to jail or anything