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A comment on Goodbye, New York, California and Illinois – Hello where?. Parent comment

Re:Goodbye, New York, California and Illinois – Hello where? by jcims on Friday January 17, 2020 @06:28PM (#22080770)
Is it housing cost or housing risk? Is one thing to put a million dollars into a home and sell it for $1.4m five years later. It’s another thing to owe s million on a place that’s now worth $400k.
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Re:Goodbye, New York, California and Illinois – Hello where? by phonebanshee on Friday January 17, 2020 @10:23PM (#22082028)
That's not a thing in California. Loans on residential property are non-recourse, so if you owe more than it's worth you just stop paying.
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