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I sometimes do worry about that. If banks didn't create mortgages, would houses be more affordable. It's obscene that I will give half of my life's income to th
by nojvek 10y ago
I sometimes do worry about that. If banks didn't create mortgages, would houses be more affordable. It's obscene that I will give half of my life's income to the bank to pay off my mortgage.
- sauronlord 10y agoYou don't have to give half your life's income to pay off the mortgage. Use your tenants money to pay off your mortgage. ducks out of the way
- slededit 10y agoPeople need places to live, so absolutely there would still be houses. Perhaps not as many of the more expensive housing stock with hardwood floors and granite counter tops. The evidence of this is the very strong inverse correlation between interest rates and housing prices.