Here’s one for Thanksgiving.
If you’re so confident that housing is such a great investment, then why does the US government need to own or backstop 90% of US mortgages?
Discussion
While playing Fiat Games, the governmental underwrite is precisely that reason that it is a ‘good investment.’
Especially if you intend to ‘mortgage mine’ #Bitcoin by using the equity.
Although I will concede, that is an argument lost on the average, norm ie in-law.
So I disagree with govt backed loans, but that's on principle. But to play devils advocate, the govt backs loans to encourage home ownership and that should be encouraged because the longer a person lives in a place, the deeper their roots, the more incentivized they are to make that place better VS a renter.
Theft. Nope.
WHO’S GONNA BUY THE B̶O̶N̶D̶S̶ MORTGAGES??