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Message Subject Loss of housing value exceeds cost of Iraq war.
Poster Handle Anonymous Coward
Post Content
There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

That's called a loss. It becomes real when they actually do sell for less than they owe. Risk is a part of any venture.

I'm not unsympathetic to their situation, just parsing out that the total drop in RE value vs real expenditures isn't really an apples to apples comparison.
 Quoting: Anonymous Coward 1177801


Trouble is some of these are fucktards who bought at $150K, then got a refi $250 by 'withdrawing equity' that had 'built' because of the bubble.

So while while the inflated values weren't real, the banks leant and the dipshits borrowed as though they were.
 
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