4 ms·
I mean, if that were true, then homeowners should have no problem with policies intended to knock down the price/value of homes. But that is definitely not what
by Analemma_ 3y ago
I mean, if that were true, then homeowners should have no problem with policies intended to knock down the price/value of homes. But that is definitely not what we observe, so I think something is missing in your theory.
- cmrdporcupine 3y agoPsychology
- quickthrower2 3y agoAn few things: Someone with an expensive house has the option to cash that in and buy a cheaper house somewhere else. There money is welcome in every country and city in the world! (Residency permitting). The high value allows borrowing against the property to invest. Assuming you can get the loan. But it is a prerequisite to have equity! Obviously with a mortgage a loss in value loses % equity and at some point that becomes negative equity. That said homeowners with kids might welcome policies that slow the rate of growth in housing prices.