• TubularTittyFrog@lemmy.world
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    1 day ago

    you can’t take out loans if you have no collateral to back up the loan.

    the could not have taken out the loan without the housing value ti back up the loan.

    do you not understand how loans work? you can’t just get 50K from the bank without collateral.

    the point is most americans have banked their entire lives on the value of their home. if you sudden deprecation everyone’s home by 25% the economy will go into a depression.

    it’s not an argument for or against it. it’s the reality of the situation.