How Many Years of Life Does That House Cost?

Re:How Many Years of Life Does That House Cost? by JumpCrisscross on Friday September 08, 2017 @06:33PM (#15204436)

> Since the beginning of written history (the first written records are records of debts) there are stories and parables about the evil of debt and the need for debt jubilees. Also the idea that lending with interest is immoral is found through out time. Having such easy access to debt/credit from strangers seems not to work well over the long term for human societies.

I suppose shrimp and pork and beef are also unquestionably evil... Debt didn't historically work because property rights were poorly recorded. This meant enforcing one's debt involved mafia tactics. Modern debt is cleaner and subject to bankruptcy, a process that occurs on a case-by-case basis when it's needed, a far better solution than randomly cancelling debt every so many years.

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Re:How Many Years of Life Does That House Cost? by meric on Friday September 08, 2017 @06:43PM (#15204489)

Well, the trend is now removing bankruptcy on certain forms of debt as an option, replacing it with cancelling it after X years. This is student debt.

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Re:How Many Years of Life Does That House Cost? by jhall1468 on Friday September 08, 2017 @11:48PM (#15205473)

That isn't new and it only applies to very specific cases: student debt is one of a very short lists of debt that aren't cancelable via bankruptcy.

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Re:How Many Years of Life Does That House Cost? by dilemma on Saturday September 09, 2017 @04:19AM (#15206074)

It is new.

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