No, they're high because people can still get mortgages that will bankrupt them when and if interest rates ever rise back to sensible levels.
This is assuming they have adjustable rate mortgages. Many of them probably do, but they are fools.
I was wondering how far I'd have to scroll down to see someone agree with me. Wish I had mod points now.
I am not from California, but it is trivial to find out the median home value there. It is very uncommon for the average Californian to have $400,000+ to buy a home in full. They take out a mortgage to be able to buy the home initially..
I have no idea what the stats in Canada are to compare, but it appears that 1/3 of American homeowners have no mortgage.
A homeowner with a mortgage does indeed own their home. They can do with it as they wish. The mortgage holder can initiate foreclosure on the homeowner for breaking the terms of the mortgage, but the person that signs the mortgage is the owner of the home.
A Vegas taxi servicing the strip, or the shuttle bus between Harrah's and The Rio...
You don't want to kill the driver before he picks up very many people do you?
But of course nobody in the US seems to actually give a shit about this part of Jesus' teachings or else you would not have the death penalty.
This pretty much sums it up. Religion is used to push for certain policies and behaviors, but certainly not for this kind of pacifist / caring behavior. It's hard to rile up the public to take action about turning the other cheek.
This is all in regards to a comment above claiming that radiation only is not enough to create a superhero.