What distributed computer works worse when you add more hardware? Humans. Families cut spending before running out of money, states don't.
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The subprime mortgage crisis?
a failed bet isn't just burning money faster than you make it. Also if mortgage payments were lower than rent, who's dumb?
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Mortgage payments are lower than rent mostly here in Sweden. That wasn't the problem.
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it's smart for a family to buy a house if mortgage is cheaper than rent, even if they then lose it. Families weren't dumb.
End of conversation
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