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You're missing that homeownership is an emotive issue and a psychological issue. People see being underwater on their mortgage as failing. People see selling fo
by sys_64738 2y ago
You're missing that homeownership is an emotive issue and a psychological issue. People see being underwater on their mortgage as failing. People see selling for less that their purchase price as failing. People who don't own homes really don't understand that human nature and wellbeing drive house prices.
- kyleee 2y agoLosing a few hundred grand is quite a bit more concrete than a “feeling”, it is a devastating failure and may derail someone’s life. Suicide level failure, drug abuse type failure. Just to put a finer point on it