Comment by tpxl
6 days ago
> Losing a car or a TV is not going to make someone homeless.
Your house losing 100k$ in value isn't going to make you homeless either (quite the opposite actually). If you buy a house and it depreciates, so what?
Not to mention if everyone's house depreciates, your new house is cheaper to buy. You lose _nothing_, except imaginary dollar values.
> Calling people like that speculators shows a severe lack of understanding and empathy.
I don't know what you call preventing young people from buying, or even renting, at affordable prices so 'people like that' don't have a possibility of losing some money, but you sure as fuck don't call it empathy either.
You lost the ability to even sell your house at all until you've paid at least $100k+interest on the mortgage. You are stuck in that house for good.