What is the duality of owning your own home? How about government housing?
What is the opposite of two big to fail? Too little to succeed?
Some people seem to think that by walking away from their mortgage even if they can pay is sending a message to the banks. Angry and frustrated they feel they can walk away from their morals because the banks walked away from theirs years ago. The scenario question?: “Too little” wins by walking away and “Too big” loses.
But what might the duality of this scenario be. Why would the bank care if you walk away? I see 2 duality possibilities:
1. Banks become property owners and wait out the depression as landlords renting the homes back to the masses.
2. Government bails out the “Too big” to fails and buys out all the homes and turns them into government housing.
Article that inspired the duality thought:
More homeowners are opting for 'strategic defaults'
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