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Re:Remote work is reshaping San Francisco, as tech workers f... by barrkel on Monday August 17, 2020 @11:24AM (#24188137)
You don't make loan payments; you make interest-only payments and are speculating on future appreciation on the value of the land, a proxy for the local economy.

It's not sustainable indefinitely, but it can go on for some time. And if the economy picks up, then all is right again.

Re:Remote work is reshaping San Francisco, as tech workers f... by rdtwo on Monday August 17, 2020 @03:15PM (#24190731)
You are speculating with other people’s money and at very high leverage. If the market keeps going up the amount of profit can be spectacular and the losses while also potentially spectacular may not be so bad if you don’t have any collateral in the first place.