Me waiting years for one, just one, other Bitcoiner to start talking about how the US government owns or backstops ~95% of mortgages.
GM
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Would a 100 year mortgage help?
Why not a 1,000 year mortgage?
How so? I don't understand
GM
View quoted note → thread here
The millenials are coming into political relevance. maybe this is a turning point.
30 yr 50 yr + mortgages, can only be done by the govt.
Boomers are checking out.
What
View quoted note → Plus the $2T that the Fed owns
This would incentivize irresponsible lending right?
Meaning it would make lenders be less stringent while assessing risk. Borrowers would take on more debt. Lenders end up with like a lot of land.
Yes
Well, sure. The private sector wouldn’t create 30 year mortgages without govt protection.