this post was submitted on 02 Nov 2024
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Housing Bubble 2: Return of the Ugly
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Speaking as someone who owns a house, I cannot fathom mentality of people whose sole purpose in life is to obsess over the value of their house.
I bought my house for living in. It's not a fucking investment vehicle. It's where I keep all my stuff.
As a homeowner, I want the value of my house to go down so I don't have to pay so much in property taxes -- I pay more towards property taxes than I do my mortgage at this point.
It's about status in the community. Magically take that away and nobody would drive a huge, unwieldy truck.