> Your solution is to have them stop paying for the house (lose it to the bank) and move into government housing. So, in exchange for a couple months of help with their bills, they get to discard their ownership in their house.
Yes, precisely. Part of the problem with skyrocketing housing prices is that the market is no longer rational. Bailing out home owners further entrenches the class divide between land owners and non land owners and limits upward mobility of those in lower classes.
Yes, precisely. Part of the problem with skyrocketing housing prices is that the market is no longer rational. Bailing out home owners further entrenches the class divide between land owners and non land owners and limits upward mobility of those in lower classes.