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A comment on US housing price higher than housing bubble 2008. Parent comment

Re:US housing price higher than housing bubble 2008 by SV_BubbleTime on Tuesday September 14, 2021 @04:56PM (#28531047)
Ok, but then I think it’s just as many people think “I have enough money in my paycheck to cover that mortgage payment so that means I can afford this home”.

When they aren’t considering the rest of their finances or what they would do if our of a job for multiple months, etc. Not unrelated, the number of first time home buyers that buy a new car within 3 years is like 75%.

We do a really really bad job at teaching finance in schools.

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Re:US housing price higher than housing bubble 2008 by eurasiantiger on Tuesday September 14, 2021 @05:19PM (#28531431)
Not in all schools, mind you. Americans are bred and battered to exist as consumers, to work to consume, to work more and more, to wade deeper and deeper into the sunk cost of lost opportunity and useless industrial waste made useful only by measuring its bulk in third party business income from storage units leased.
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