Private sector lost 33k jobs, badly missing expectations of 100k increase

Re:Private sector lost 33k jobs, badly missing expectations ... by frontfor on Wednesday July 02, 2025 @01:37PM (#44446573)

You could argue household debt is just another form of rent, where you “rent” capital from the wealthy in exchange for paying interest on a monthly basis. Just because you don’t pay a rent directly named as such doesn’t change the substance of it.

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Re:Private sector lost 33k jobs, badly missing expectations ... by tshaddox on Wednesday July 02, 2025 @03:51PM (#44448062)

It's a very different form of rent though, namely because the mortgage borrower has a lot of collateralized debt and the mortgage borrower owns the appreciation (or depreciation) of the property (proportional to their equity).

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Re:Private sector lost 33k jobs, badly missing expectations ... by kevin_thibedeau on Wednesday July 02, 2025 @04:25PM (#44448428)

A home dweller is paying "rent" to the government as property taxes, possibly indirectly through a mortgage.

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Re:Private sector lost 33k jobs, badly missing expectations ... by hx8 on Friday July 04, 2025 @02:10AM (#44461597)

I don't think it is proportional to their equity. The borrower owns all appreciation and depreciation.

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Re:Private sector lost 33k jobs, badly missing expectations ... by ghaff on Wednesday July 02, 2025 @03:35PM (#44447902)

Debt, within reason, is just a tool. It provides leverage and it lets you buy things for which you don't have cash-in-hand--houses in particular. It can also encourage overspending (something that car dealers capitalize on) but that's another story.

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Re:Private sector lost 33k jobs, badly missing expectations ... by hx8 on Wednesday July 02, 2025 @02:08PM (#44446963)

Exactly my point. Rent and mortgage debt is functionally very similar and total household debt wouldn't capture rent obligations.

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