White people make excuses why they cant have kids ?

[Thebrownblob]

do you have any idea how much more expensive property is relative to incomes?

the banks create debt. they create money. we need periodic debt write downs, like biden did a little with college, like obama did with wall street.

We already have that in America. It’s called personal bankruptcy. Everything except college can be wiped out.

 

[rickyb]

We already have that in America. It’s called personal bankruptcy. Everything except college can be wiped out.

obama didnt write off housing debt in 2008 he wrote off wall st debt. housing prices are high, consumers are very indebted.

 

[Thebrownblob]

obama didnt write off housing debt in 2008 he wrote off wall st debt. housing prices are high, consumers are very indebted.

Consumers also have the benefit of equity. Should we wipe out their equity as well?

 

[rickyb]

Consumers also have the benefit of equity. Should we wipe out their equity as well?

I forget but michael hudson wrote a book on this and he said we write off housing debts with banks profits

Its biblical. Richard wolff talked about it too

 

[Thebrownblob]

I forget but michael hudson wrote a book on this and he said we write off housing debts with banks profits

Its biblical. Richard wolff talked about it too

I do not agree with you about writing off housing debt when it is an asset that appreciates. Other non-appreciating debts I could agree with.