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Property crisis, lol
(thelemmy.club)
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this post was submitted on 31 Jan 2026
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traingang
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Because housing ownership is backwards to most assets in the US. If the value of your home goes down while you're paying a mortgage, you're losing massively. If it goes up, you can leverage your mortgage debt.
It's specifically designed as a debt trap that aligns the working class with capital interests while not giving any real power to mortgage/home owners.
The 30 year mortgage was such an amazing, simple, effective system of social control but they let that whole system decay so they could make some short term gains
Even having a mortgage doesn't make it in your interest for house prices to go up. Not unless you're about to CASH IN by going homeless.
Yeah, but it means if you decide to sell you can get out of your mortgage. If prices go down, selling means you are stuck with whatever the drop was when/if you sell.
Yeah.. you can sell and get out of your mortgage. Where are you then.. y'know, going to live?
Remember it's all hypothetical. Plus reverse mortgages, people will take those out later and they only make sense if your home value has increased.