Reading yet another article about the loosening of mortgage restrictions which began under Obama and has accelerated under Trump got me thinking about the reasons behind why we are attracted to this dangerous game. 1. Bankers have power and like making money. They make more in good times and are protected in their crashes. 2. Our representatives like being VIP's at dinners with the wealthy. 3. People think they are helping stabilize the lower middle class by allowing them to buy too much of a home. 4. National Security. Yup. 4 is the interesting one. By raising home values across the country we create imaginary wealth which turns into cash and taxes. This gives the government more money to pay off Reagan's, Bush's and Obama's debts. More importantly it gives the government more money to feed the (pretty necessary) Military Industrial Complex so we can race the Chinese and fight in the Middle East. If not for 4 I'd say phooey on the bank(ruptcy) industry and the welfare we fund their mortgage games with. Do I NEED a new house? Nope, got one. If the school district sucks then use a pay as you go private school. The school district would probably be better if all our old neighbors couldn't white flight so efficiently with welfare mortgages anyways. Do our houses wear out? Sort of. For the most part its because we are too busy on our phones watching Netflix to learn how to do minor repairs though. Putting a new roof on your home is still cheaper than a new mortgage. Probably cost as much a month as your cable or cell bill if you finance it. I have an apartment and have always dreamed of owning a home but they are soo expensive here in Nevada, California or Hawaii. Yeah, that sucks. You oughta see what $80,000 will get you in Missouri and I'm not here to give California or Hawaii welfare to prop up their expensive to maintain infrastructure. Anyways, if we didn't suck everyone with a job out of apartments here they wouldn't be such little barrios of young people, and near transients. Tell people you live in an apartment here in Missouri and they wonder what's wrong with you. So, in my opinion the only reasonable reason to play this dangerous game with the mortgage industry is to create wealth which funds the military so we can maintain supremacy over China and whoever.