• snowe@programming.dev
      link
      fedilink
      arrow-up
      3
      arrow-down
      2
      ·
      1 year ago

      Their example was literally about them not selling. Maybe learn to read. They explicitly called out foreclosure by a bank where the bank takes their property back from the homeowner and sells it to reclaim the mortgage amount. That is not the homeowner selling.

    • Avid Amoeba@lemmy.ca
      link
      fedilink
      arrow-up
      5
      arrow-down
      5
      ·
      edit-2
      1 year ago

      My example involves many people being forced to sell. That wasn’t the parent’s argument or at least I didn’t understand it this way. I think it made a point about voluntary sale. Otherwise they wouldn’t have said that vast majority of homeowners would be unaffected. I’m saying involuntary sales are a significant effect of housing market crashes. In fact involuntary sales might be required to have a market crash in the first place. If that’s true, a significant number of homeowners must be affected in order for a crash to occur.