There was an article somewhere that stated that some homeowners were thinking of defaulting on their mortgage payments if the interest rates got too high, which it could since it's what Biden is doing to quell inflation. There was also like a random tiktok user recommending people to invest all their savings in bitcoin or whatever and use their yields to pay the monthly mortgage payments. Which is probably advice no one took, but it's worth considering that someone out there defaulted due to the BTC crash
There was an article somewhere that stated that some homeowners were thinking of defaulting on their mortgage payments if the interest rates got too high, which it could since it's what Biden is doing to quell inflation. There was also like a random tiktok user recommending people to invest all their savings in bitcoin or whatever and use their yields to pay the monthly mortgage payments. Which is probably advice no one took, but it's worth considering that someone out there defaulted due to the BTC crash
You would have thought after 2008 that nobody would ever get an adjustable rate mortgage again, yet here we are 14 years later