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A comment on Adjusted for inflation, a Single Family Home costs 75% more than it did in 1987. Parent comment

Re:Adjusted for inflation, a Single Family Home costs 75% mo... by BirdieNZ on Tuesday April 19, 2022 @07:22AM (#31081715)
This is country-dependent. In New Zealand, you cannot walk away from the mortgage. You might be able to if you declare bankruptcy, perhaps.
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Re:Adjusted for inflation, a Single Family Home costs 75% mo... by aaomidi on Tuesday April 19, 2022 @09:39AM (#31082921)
The whole point of the mortgage is that it's backed by the property.
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