04-25-2025, 03:06 AM
Another 2008 could be really amazing for all of the people who can't afford housing and the homeless
Yes, imaginary 2008 sounds positively fantastic.
But reality 2008 went something like this:
* home prices down 40-50%
* investments down 30-50%
* businesses lost sales, went bankrupt
* unemployment up up up
I tried to buy one of those cheap houses you talked about. But my investments were down so it wasn’t possible. I went to my bank of 20+ years, personal & business accounts, asked for a loan with 50% down. They told me they weren’t writing any new home loans. But hopefully one of homeless you mentioned above was able to get a loan from his bank, or squat in that house.
Win-win?
Yes, imaginary 2008 sounds positively fantastic.
But reality 2008 went something like this:
* home prices down 40-50%
* investments down 30-50%
* businesses lost sales, went bankrupt
* unemployment up up up
I tried to buy one of those cheap houses you talked about. But my investments were down so it wasn’t possible. I went to my bank of 20+ years, personal & business accounts, asked for a loan with 50% down. They told me they weren’t writing any new home loans. But hopefully one of homeless you mentioned above was able to get a loan from his bank, or squat in that house.
Win-win?