This happened even to middle class people who were buying cheap housing and selling it as their only income. At the time, housing was still affordable enough that upper middle class people could make a living doing that.
Definitely don’t feel any pity for them. Market speculation is always risky, even if the market you are trading in is “safe” or “risk-free”. I especially don’t feel bad at people speculating on a good like housing that 100% of people need.
Definitely don’t feel any pity for them. Market speculation is always risky, even if the market you are trading in is “safe” or “risk-free”. I especially don’t feel bad at people speculating on a good like housing that 100% of people need.