As someone who owns my own home, let me just say…me too. I don’t care if my house value goes to zero. I still have a house. I don’t know how anyone in the middle class can get into house ownership without crippling debt.
The only ones who should cry are the home-hoarding investors and landlords. Fuck em.
Except now you need even worse debt to buy a house. Two years ago interest rates were around 1%, now it’s over 4%. So the house is 10% cheaper, the interest more than tripled.
As someone who owns my own home, let me just say…me too. I don’t care if my house value goes to zero. I still have a house. I don’t know how anyone in the middle class can get into house ownership without crippling debt.
The only ones who should cry are the home-hoarding investors and landlords. Fuck em.
Ditto. I just hate that everyone will have to pay for yet another bullshit speculative bubble bursting to bail all the banks and investor out.
Except now you need even worse debt to buy a house. Two years ago interest rates were around 1%, now it’s over 4%. So the house is 10% cheaper, the interest more than tripled.