4 ms·
> I learned as a kid that a house normally only get more value over time I think this is one of the reasons we got into this mess. People bought more house tha
by jdbernard 13y ago
> I learned as a kid that a house normally only get more value over time
I think this is one of the reasons we got into this mess. People bought more house than they could afford thinking they would be able to sell it if they needed to and at least break even. Nobody was prepared for underwater mortgages because we all assumed houses only appreciate.