Comment by franga2000
5 days ago
And it's not like the actual value has decreased. You still own the same house. It's the same size, location, build quality... That's the value of the house to you. If you're not currently buying a house, the price of a house should be irrelevant to you.
But the price you were strong armed into paying is more than the value of that stuff, and you only begrudgingly accepted the price that included a large speculative component, because you saw that the government has been guaranteeing that the speculative component only goes up.