Re:11M households could be evicted over the next four months
by opportune on Tuesday July 28, 2020 @05:23PM
(#23980843)
I probably would if everything dropped 25-50%, I imagine a lot of other people would too. Or if they were already going to buy a house or condo they’ll just get a bigger one.
So it would help pretty much anyone who is not over leveraged (barring second effect like a pension relying on MBS) and in the market for real estate which is pretty good in my book. We shouldn’t set up our economy so that we allow people to overleverage in investments assets and then bail them out when they run into issues because of that.
I could not care less if overleveraged landlords crash and burn. It’s money in my pocket because my rent may go down (when I switch places) and it makes it easier for me to afford a place to live in.
So it would help pretty much anyone who is not over leveraged (barring second effect like a pension relying on MBS) and in the market for real estate which is pretty good in my book. We shouldn’t set up our economy so that we allow people to overleverage in investments assets and then bail them out when they run into issues because of that.
I could not care less if overleveraged landlords crash and burn. It’s money in my pocket because my rent may go down (when I switch places) and it makes it easier for me to afford a place to live in.