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“Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.” quote by Douglas Rushkoff
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““Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.””

Douglas Rushkoff

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.

Key Takeaway

Beware financial structures that prioritize profit over stability.

Themes

finance housing debt economics

Mood

critical concerned

Type

analytical critical

When to use this quote

  • home buying
  • policy making
  • personal budgeting

Key Concepts

credit cycles systemic risk financial engineering

Questions to Reflect On

  • How does debt affect long‑term wealth?
  • What safeguards can prevent credit bubbles?
A Different Perspective

It overlooks the role of government regulation in shaping credit supply.

4.4 out of 5 (4 ratings)

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