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A comment on We Expect 300k Fewer Births Than Usual This Year in the US. Parent comment

Re:We Expect 300k Fewer Births Than Usual This Year in the US by 0xfaded on Thursday March 04, 2021 @11:22AM (#26344357)
Or more precisely, once a house attains some value beyond providing a roof over heads, the price of a house is no longer representative of a house, but a government backed asset that can never depreciate lest the pension funds fold.
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Re:We Expect 300k Fewer Births Than Usual This Year in the US by supertrope on Thursday March 04, 2021 @07:53PM (#26350902)
A single house's price can easily go down. Even an entire city like Detroit MI can devalue. But those mortgage backed securities represent the national average.

With climate change the music may suddenly stop for flood prone areas like Miami once investors stop underwriting 30 year mortgages.

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