- cross-posted to:
- main
- cross-posted to:
- main
It would be fun to rebub this commercial with an appropriate level of
cynicismreality:"...and wouldn't that mean that we'll make 7% compounding for 30 years for doing nothing? So wouldn't we make as many of these as possible? And even if they fail, we get to keep the property anyway? And wouldn't this incentive structure force the entire financial system tear itself apart from within? And wouldn't that mean billions of dollars in government bailouts? And wouldn't these bailouts even more strongly incentivize us to continue shaking down the planet for trillions of free dollars? etc."
lol, nice, push button mortgages post 2008. what they left out of their genius little equation is a need for unlocked inventory, but banks and firms like blackstone will never let that happen because they need to artificially restrict supply in order to inflate prices to new ATHs. American home mortgaging is for wage slaves ONLY, get outta here with your dream of ownership as it will be kept perpetually out of reach.