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This woefully and naively ignores the systemic effects. Banks hold $3 trillion in commercial real estate debt. That 60 Minutes report talks about how regional

This woefully and naively ignores the systemic effects. Banks hold $3 trillion in commercial real estate debt. That 60 Minutes report talks about how regional banks have huge amounts of their loan volume in commercial real estate. So to answer your question of "We who?", the answer is anyone who has a bank account, and given how the government will do everything to ensure the financial system doesn't collapse, every taxpayer. More details at https://crsreports.congress.gov/product/pdf/IN/IN12278 https://crsreports.congress.gov/product/pdf/IN/IN12278.

carlosjobim 3y ago
That's arguing like a hostage taker or terrorist. "If we go down, we're going to make sure you go down with us". The people does not have to accept being taken hostage. There's no talk about systemic effects when real estate is siphoning all wealth from the population and making having a home and a family near impossible for most young workers. Edit: And anyone who has a bank account? Then where is the 500% return on the money that I've had in my bank account during the real estate boom, or do we only get to pay for real estate speculation losses without any benefit from real estate gains?
- eszed 3y ago
  Now you're getting it....