We’re at a point where we’d rather Bob secure his “investment” while younger generations can’t afford a home to live in.
> We all need a place to live but we all didn't take a risk in taking out a mortgage like Bob did.
My point is it wasn't necessarily a risk Bob has voluntarily taken. I'm not saying that we shouldn't do something to fix this but we shouldn't cause Bob to go bankrupt while trying to help younger generations as Bob may not be the opportunist here.
To my point of view, I see exactly where the haircut makes the most sense.
This is the part most people don't know or understand. We should fix the banking system first. Only one entity should be able to print money, not all banks.
Without refusal to participate, there is no braking effect on Asset inflation. Someone quite literally has to lose their ass for things to correct so that the next generation has a sane foundation to build from, and Lord only knows, the centralization hacks pulled off by the last handful of folks have been so stupidly effective, we're even having this conversation. So, who is in the best spot to take haircuts? I assure you, it isn't the people on the lower side of the income/wealth curve.