Submitted by LessTalkMoreRock1 t3_y1snmg in wallstreetbets
For all you smooth brains who pride yourselves in bagholding, the next wave of loss porn will come from those who bought a house in the last 2 years and are paying interest and principal on an overpriced asset that is losing value. And you’re getting screwed twice because not only are you making principal payments on an asset that is losing value but also interest payments which are much larger than the principal payments in most cases. Jpow and the rest of the fed thank you for your servicing of debt securities at your loss.