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Originally Posted by BoyWonder
Turei is basically telling anyone with a mortgage or who has just paid off their mortgage, fuck you and all your hard work. She's just trying to appeal to yoof who have not realised what their parents have gone through to keep a roof over their head.
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My father owns a house and has a mortgage. He has spent years making payments, and has struggled. He has enough equity now that if the market tanks, he'll be okay. He doesn't care if it tanks, because he's in for the long haul. The only people that really get hurt if it tanks are people who have only just recently bought, say in the last 4 or 5 years, in which case they haven't actually been working that hard for that long yet, so your comment doesn't apply, or people who have been speculating and are only in the market to make money.
For the former kind of people, well, that's a pity that they'll get boned, but they should have been smarter than to buy in a bubble, and besides, once they get over their bankruptcy in a decade or so, the market will be much more favourable. They'll be able to buy a house without having to mortgage their children into life long debt. So everyone wins.
As for the latter kind of people, the speculators, just straight up fuck them. They're part of the problem.