Replying to Avatar ODELL

30 year fixed rate mortgages are a massive US Gov welfare program but most americans assume they will always exist - hard to imagine them still being offered if inflation keeps running as expected
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Deleted Account 2y ago

So you're predicting that there will be a decree that banks can only offer variable rate mortgages, sometime in the future?

Definitely possible.

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ODELL 2y ago

in most places variable rate mortgages are the norm, the reason that is not the case in america is because the government backstops the loans

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Btcfeen 2y ago

It’s actually absurd when you think about it.

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Deleted Account 2y ago

Yeah this 1000% will not last. Once that ship sails, it's the last nail in the coffin for the middleclass