Someone borrows money in the form of credit card debt, or leasing a car, or even buying a house to personally live in, and it's a matter of "personal responsibility" if they can't pay it back
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Someone borrows orders of magnitude more to make more money off of investments, and they start whining for government bailouts the instant anything goes south And people listen
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End of conversation
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"in america housing is designed as a vast money pump that runs up every hierarchy" is one of those things where once you see it a million disparate unconnected phenomena fall into place
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And now they’re fucked because they created a market where speculation and investment means no one can afford to buy a house except other landlords.
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