Quote:
Originally Posted by RIJIMMY
people lost BILLIONS in the tech bubble of the 90s. A reeession followed.
Why didnt the government step in and make them whole? Why wasnt there a program to help investors recoup their losses?
Because people were investing and investments can result in a loss. A home is an investment. Period.
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You're using "investment" in a very broad way.
The only reason people invested in tech stocks was for capital gain.
The primary reason people invest in a home is for shelter and quality of life.
As such the regulations regarding these two methods of investment are quite different. Period.
-spence