this post was submitted on 09 Nov 2023
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A Boring Dystopia

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[–] Neato@kbin.social 2 points 10 months ago

Mortgage payments build equity and when you move you can sell the property and recoup nearly all of that. Rent is gone.

Foreclosure is a huge issue that needs to be addressed in legislation. All that equity should still exist for the homeowner even if they stop being able to afford payments.