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Message Subject Mortage vs Apartment living cost
Poster Handle zenobiaphobia
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I used to live in a paid off house but sold it and now live in an apartment. The apartment is cheaper and more secure, at least mine is.

I worry about the communists taking all private property under Agenda 21. If they're able to confiscate the guns, I think they will.

Better to be mobile at this time. Renting works for me.
 Quoting: Anonymous Coward 28870983


Just footnoting that, since someone proposed this idea last year:

[link to www.realtytrac.com]

Robert J. Shiller, one of the Yale professors behind the Case-Shiller Index, penned a New York Times editorial this Sunday calling for “collective action” on the parts the government, banks and borrowers to fix the U.S. housing markets. Shiller suggested that local government use eminent domain laws to “take” mortgages from underwater borrowers, paying investors fair market value for them. Shiller wrote:

“But eminent domain law needn’t be restricted to real estate. It could be applied to mortgages as well. Governments could seize underwater mortgages, paying investors fair market value for them.
 
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