Yeah dude I'm crying foul on this. Calling an increase in the standard deduction "taking away" anything is mendacious and wrong https://twitter.com/jhweissmann/status/817119033862553601 …
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The transition is the bad part, when you have people who can't move because their house isn't worth enough. Like me.
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I think it would be great if houses stopped being investment vehicles. Right now they're more like job security...
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I think if a drop in real estate values on a time scale of less than ten years seriously affects you, you should've kept renting
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The advice I was given was to assume you won't be able to sell your house ever and ask yourself if buying it still seems like a good idea
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You're missing 2 things: it's the main wealth/investment average folks
@arthur_affect -
Most homeowners have a mortgage so a sharp decline may mean they owe more than it's worth
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