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That should drop prices, but of course there’s the Gen Xers like me who’d lose home value. Before you say we’re entitled, don’t forget our only savings at this point is our home.
Still, it’s such a stupid situation, and America is a fucking hard place. Someone’s always getting fucked over. Might as well be me (again)
Small price to pay.
I think it's always important to consider others perspective thanks for sharing your experience. Really sucks because the companies would probably get some kind of subsidy or kickback meanwhile you only get fucked.
government: “We’ll reward you handsomely for putting all of these people on the streets!”
Right after I wrote that I had to check my entitlement and realize a lot of people have nothing.
So y’all should tee off on me, I deserve it.
I'm not one to tee off on people who show growth and empathy.
Millennial here: what's a "savings"?
People who partook in the FOMO feeding frenzy should not be immune to bubble bursting, even if legislation needs to be part of the mechanism. Home values shooting up 50-100% in under 5 years was a clear sign of bad market conditions.
On the plus side, loan regulations are much improved over the 2008 crash, so if you bought a house, you're likely able to continue paying the mortgage even if your home is worth less than when you bought it.