No, you have an incredibly, ridiculously privileged rich-person life style that cannot apply to the vast majority of people. I don’t know why you think medical bankruptcy is the number one form of bankruptcy in the country and why over half of homeless people are disabled, but it’s not because most people can magically finance themselves out of the crippling reality of the economy.
If you have a mortgage, you do not own your home. It can and will be taken away from you the second you are disabled or otherwise out of work.
This is a false statement. You predicated your argument on this false statement. The rest of what you said has a modicum of truth, but the core principle you used to prop up your argument is false.
Just go back and re-base your argument on something other than the idea that a house isn’t owned until it is completely paid off. Drop that claim, and the rest of your point is perfectly valid. Keeping that claim undermines your credibility. You don’t need that claim to be true to make your point; there is no sense in dying on this particular hill.
My disability insurance would pay off my house and my car. A HELOC would cover several thousand dollars worth of emergency expenses.
I haven’t paid off my mortgage yet, but I own a very large percentage of my home.
You overgeneralized well beyond the point of absurdity.
No, you have an incredibly, ridiculously privileged rich-person life style that cannot apply to the vast majority of people. I don’t know why you think medical bankruptcy is the number one form of bankruptcy in the country and why over half of homeless people are disabled, but it’s not because most people can magically finance themselves out of the crippling reality of the economy.
This is a false statement. You predicated your argument on this false statement. The rest of what you said has a modicum of truth, but the core principle you used to prop up your argument is false.
Just go back and re-base your argument on something other than the idea that a house isn’t owned until it is completely paid off. Drop that claim, and the rest of your point is perfectly valid. Keeping that claim undermines your credibility. You don’t need that claim to be true to make your point; there is no sense in dying on this particular hill.
Removed by mod
You ok there, bud? Having a bad day or something?