Apparently you forget what you write as soon as you write it. Lots of nice history about mortgages, which are all instances of borrowing, something you think people should not do.
Ivory disks sound like something from long ago, and it was probably a good thing that people back then borrowed money to invest in the future. You wouldn't have thought that borrowing money was a good idea, so you would have staying in your log cabin, or that turf shack on the prairie.
Also, your uneducated "reasoning", is appalling; so too is your abysmal lack of any historical knowledge!
Do you imagine that history began the day you were born? It wasn't and borrowing money was looked down upon, for the common man, for much of history.
Housing bubbles come and go. So do PANICS, RECESSIONS, and DEPRESSIONS; the CRASH OF '29, was hardly the first great DEPRESSION visited upon this nation! And many people lost their homes/farms/property throughout America's history, because of the inability to pay off mortgages.
Please refrain from any further attempts to joust with me...you lack the ability to do so and are only hurting yourself.