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Who is afraid of the housing market collapsing? Rich people? Fuck you, get eaten. Please for the love of God let houses become affordable again.
Yeah for real I’m so fucking excited.
But they have a house. 50-100k or not. They got in. Some of us have that now, barely, and still can't get in.
The only way the housing crash would affect them is if they sold. But for the vast majority of homeowners, it would not matter.
Crash. I want a house.
You do realize your example involves them selling right?
Their example was literally about them not selling. Maybe learn to read. They explicitly called out foreclosure by a bank where the bank takes their property back from the homeowner and sells it to reclaim the mortgage amount. That is not the homeowner selling.
Reading comprehension certainly isn't your strong suit.
Lol just $1000 extra a month. I agree that no, those people aren't ultra wealthy, but let's not act like that much a month isn't a completely unobtainable amount for many, many people, especially when rent is eating up 50% of people's paychecks to start with.
If you're a homeowner and not wanting to sell or refinance this isn't a big deal for you. Your taxes go down. If you own a vacation home in the mountains I am just not that bummed that your investment has lost value
I'm not and probably never will be a homeowner, but I wasn't talking about the topic of the article, just laughing at the idea that someone could say just save an extra 1k a month for a decade like that's an easy thing to do.
They were more meaning, these people aren't rich, just slightly better off than you, and that's not who we should be fighting with.
I agree with you but generally but there are unlucky people that will get ducked. There are situations where you HAVE to sell. If someone loses a job and for a million possible reasons can't get equivalent employment and can no longer afford their mortgage for example. Medical bills, spouse dies, etc.
Oh just an extra $1000 a month, is that all?
If you wouldn’t call someone with a disposable $50-100k in the US “rich,” you have no understanding of how bad it is out there.
I’m gonna need you to sit down with your house cleaner and ask them what life is really like for a lot of americans.
Depending on the city, $100k won't even get you shit. In a major city you need a minimum of $200k to think about buying a shitty apartment.
If you mean mice and roaches that will clean out your pantry, sure
How little money do you think having a personal house cleaner costs?
You don't seem to understand what "disposable" means. If it's money saved up for a house payment, it's by definition not disposable.
Absolute moron.