Egregoros

@feld ??? no of course i don't own a house. no one owns a house. literally only incredibly rich people are able to own houses nowadays.

@feld i'm well aware of what a mortgage is. no one has a mortgage nowadays. literally, most people under 50 years of age cannot own a house, we do not have the money, we cannot afford it.

@feld maybe you missed this, i don't know. where i live, in the UK, there is a "crisis" of people only being able to rent homes, not own them, because we literally cannot afford to take out a mortgage to "buy" a home. so saying that "anyone who owns a house" can do X is frankly laughable.

@feld i don't understand your point. you just said anyone can buy a house, then you said the housing market is really bad and you can't buy a house right now?

@feld like i'm sorry, if you seriously think any normal person can just go to their bank and get a $6k loan (guaranteed on their house or anything else) that just... isn't the case. normal people cannot do that.

@feld normal people don't own a car. and if they're getting a loan for a $40k car, that's sub-prime and probably abusively sold by the dealer.

@feld and i'm fairly sure if you have a $40k car loan backed by your car, you can't then take out *another* $6k loan also backed by your car. isn't that literally illegal?

@feld i did not misunderstand, i know how abusive US car loans work.

@feld this is tl;dr. normal people cannot afford to just take out a $6k loan. the fact they have car loans doesn't change that. and again, where i live, most people do not have car loans, or cars.

@feld i don't even know where to start with this... many people who are poor have previous experience with debt and are not going to take out a loan, even if they could, for some abstract benefit, because they're used to being punished for doing that (credit cards, overdraft, etc.).

@feld you are obviously not a poor person, which is fine, not everyone experiences every possible way of living, but... can you just believe me when i say that "just take out a $6k loan for a battery" is not going to fly for most people?

@feld like, i don't know how else to say this, it's not about interest rates or loan guarantees or cars... people simply *won't do that* because they are terrified of this kind of debt.

@feld i appreciate this may be different in the US or where you live, but.

@feld @lw

What?!

The neighboring house of my parentd recently sold for 2.5 mio$

Which is under average in that city. If this is true with the 6k some countries could render all houses into insular solutions and relieve the grid from this bullshit grid-solar+wind in-out-in-out-on-off-on-off.