Customer Quote by Douglas Rushkoff
““Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.””
About This Quote
Source Book: Throwing Rocks at the Google, 2015
The housing market was used to shift people from ownership into indebtedness, with lenders absorbing excess credit.
In simple terms: Mortgages turned ownership into debt.
Beware financial structures that prioritize profit over stability.
Themes
Mood
Type
When to use this quote
- home buying
- policy making
- personal budgeting
Key Concepts
Questions to Reflect On
- How does debt affect long‑term wealth?
- What safeguards can prevent credit bubbles?
It overlooks the role of government regulation in shaping credit supply.