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RE: Forget living on credit - credit cards are a bigger scam than the average ICO
Credit cards are evil - I haven’t had one for about 10 years now. In general I would say all debt is evil but it sure would be hard to save up enough to buy a house with cash...
Houses are way over priced because people aren't buying them with "real money". Imagine if people could get loans to buy cryptocurrency? Imagine the prices and size of the bubble.
I agree - plus the fact that the mortgage industry is underwritten by the government. It’s the same thing with healthcare and higher ed - any time the government guarantees the loan prices will inflate.