Yeah, pretty sure a government won’t bail me out if I invested in a stock so much that it would crush me if the stock went down. If buying a house is an investment and not for living, then it should be treated like it is.
https://en.wikipedia.org/wiki/Greenspan_put
More pointedly, you're not in a position to block equity capital markets reforms in the way homeowners are in respect of housing reform.
Especially among people criticizing the response to 2008/2020.
Failing to mitigate sickness in capital markets and the economy in the short term would have inflicted far more damage in the long term.
Also, making the public hold the bag in a bubble is perhaps the most sinister form of theft imaginable.
so you know: most localities do treat the house you live in very differently from a tax perspective than they do any additional properties you might have, because everyone is born short housing, until they own 1 place to live.
so yes, the proposed bailouts up thread would be for people who bought a house because they didn't want to be short housing; a hedge, not an investment.
also if the house has hedges then your hedges are a hedge. I'll see myself out
And let's not even get to your point about hedges. I don't know many people that can define it let alone consider housing as a hedge.
This is not a good policy goal, but the fact is that the wealth of the American middle class is mostly stored in property, and tanking property values would be a disaster for a broad swath of society which otherwise only has long-term retirement accounts to rely on.
They will vote to protect their interests, no matter how badly it screws their kids or contributes to homelessness.
These are two distinct things that are coupled through life choices. It's a real pity that tax regulations are different just because you make individual life choices.