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bcftbcatoday at 5:59 PM0 repliesview on HN

an article about housing that totally ignores the fact that most homes are bought with mortgages. the whole part about a $1M dollar house falling in value being totally fine because other houses fall in value too ignores that when house prices go down mortgage holders can't sell for a price high enough to even buy the now-cheaper price

this is a shitty article with no understanding of reality