Date: 6 May 2013 10:44 pm (UTC)
firecat: damiel from wings of desire tasting blood on his fingers. text "i has a flavor!" (Default)
From: [personal profile] firecat
The thing I like about Strike Debt is their Debt Resistors' Manual. It analyzes the cycle of debt that people get sucked into and how it keeps them in poverty. Most of that hasn't anything at all to do with real estate loans. http://strikedebt.org/The-Debt-Resistors-Operations-Manual.pdf

I don't blame most of the people who took out the ridiculous housing loans that were being offered during the bubble, because education about loans is hard to come by. (I was privileged to get it at home, but I don't remember ever being taught about loans in school.) And because those loans were deliberately pushed to people who couldn't afford them and didn't understand them. The fact that people talked about the housing bubble for years doesn't impress me, because it's not a good survival skill to automatically believe everything people talk about a lot. I'm sure you didn't use "people talking about a housing bubble" as your primary criterion for staying a renter. You did your own analysis, because U R SMRT.

There really needs to be a "financially responsible" reporting system that doesn't penalize you for not being in debt or for not knowing that having an unused ancient account is better than not having it.

Yep.
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firecat: damiel from wings of desire tasting blood on his fingers. text "i has a flavor!" (Default)
firecat (attention machine in need of calibration)

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